"Or secure funds via a lending facility?"
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Yeah but they are still probably 5-6 years from production if all goes well (I'm going by the figure quoted by Brett Hazelden regarding OD6 going to producton in his latest interview with Samso).
So, if they got a loan, where and when would the money come from to start paying it off?
From the future CRs?
Unless there would be some TO happening...
I think on the back of some good-ish news, maybe around X-mas, as one of the posters suggested, they will do consolidation maybe 100:1 and at the same time will do CR with whoever at a 10-15% discount to entice them.
What can you do, that's the risks we take with explorers - high risks, high gains (if all goes well).
Metallurgy & Beneficiation News, page-233
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