For a bank to lend the money, they would demand a minelife of, say, 10 years minimum and a proven track record of say 1-2 years. We need the dollars to drill and build a seawall to prove up a minelife and we have been mining for less than a year. Typical sort of scenerio for a small ermerging producer.
To raise the $ we need from the market, we would have to issue 400m shares at 6c.
