Raising Start up Capital

I think the main problem with Rex Minerals is they are unable to raise the necessary capital to
get the project off the ground . In the Revised Feasibility Study (RFS) they are looking at a slower start
up and building up production later. So that would significantly reduce the Capital required to
pay for a Fixed Price Contract in mine construction .
Originally they were looking at $850M but something like $450M would do nicely now.
Its just a thought , seeing that interest rates are so low at the moment why doesn't Rex raise the
Capital by way of a Public Float of Debenture Stock say for terms of 1 year , 2 years and 5 years .
The interest rates would have to be appealing at say ranging from 7% short term to 10% for the
longer term, I am sure that with some iron clad guarantees there would be plenty of cash to invest
in a company like Rex Minerals especially at those rates.
Where you only get 3.50% with the banks I am sure the rates Rex would would make this
a very attractive offer to the Public and Instituations .I think with the injection of Capital the accounting
staff of Rex Minerals could balance the books quite adequately until sales and income starts rolling in.
With the shallow mining of the resource first it wouldn't take long to start generating cash.
I think something similar to this is in the scope of Rex and maybe that could be the best option
available for them short term .