Simple Reality, page-3

The other option put forward is to simply mortgage the plant and raise bank/other debt against it.
I prefer this option. I'm quite concerned that if our plant asset register is sold off and leased back the balance sheet will suffer and so too will the asset backing of the share price. I think that our current market cap of $50m would not survive the sale and lease back option.
Debt can be raised incrementally and as required whereas selling the plant, paying back the balance owing to Alcoa and fronting up to a major leaseback expense for me carries far more risk.
Both options as stated in the Quarterly would be subject to "certification" of the RG-GG1 reserves and this is a few months away.
GLTA