About $14 per ounce based on $15M debt @ 11% interest ($1.65M). Divide saved interest of $1.65M into 120,000 oz and you get approx $14.
I could be wrong.
More importantly, it improves balance sheet and allows for further exploration.
About $14 per ounce based on $15M debt @ 11% interest ($1.65M)....
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