A good post Argoz. I would add that the $2 million per month revenue is not staying at this level and is going to increase monthly for sometime yet as further efficiencies take hold, this will move revenue towards the higher estimates you have provided in the past. I would also expect mill expansion which will be relatively inexpensive which could increase production to 1000 tpd which will again increase revenue. The debt will be rolled or converted but at better terms, I doubt it will be paid off just yet and I expect no equity financings are needed for day to day operations.

As far as the addition of a 1500 tpd mill to operations, this will likely be funded by numerous methods with equity maybe not being one of them although a small portion could be done by equity if required. I would suggest we wait for the scoping study which is coming and this will reveal cost of the 1500 tpd mill and give us some insight into projections.