institutional placement - rip off , page-66

Memo: IF a debt facility of $20M had been done instead of the dilution millstone of 65M shares @ 60c, this would be 70+ today with enough cash to p!** off Murkyson AND leave $12M to fine tune Mt Magnet.

$20M debt isn't going to affect the balance sheet that adversely for a co. that will have a EBITDA of over $90-100M
IMO.

The mkt knows this and is voting with it's "sell" buttons.

Patience will be severely tested I reckon.