$30-36m would be via debt
remaining $24-30m would be Convertible Notes/Streaming/Equity/Combination of the 3.
they don’t need the entire $60m in one go either. It’s expensed over 3 yrs so the initial req will be less.
companies raise $ to drill, then $ to do feasibility, this $ is to build & become a producer. Unsure how else we expect them to get from a spec to a profitable company if they don’t proceed.
i’d love a buy out too, but it won’t be anytime soon. Around this time next yr would 1st lot of ore be delivered, maybe an yr or so post that before neighbours look to it with higher potential.
either ways, when MQ puts in his own $ at 3c & 1.9c, am happy to hold (not much choice either though with the higher avg lol)
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