Rico..

That Chester air is getting to you..GIVE us cheap money..??Richardsons didn't get to the top of the heap by giving any one anything..

But they may finance us and a reasonable rate ..

But financing involves collateral..and moose pasture,even if it has tons of gold in it is risky collateral..But if the personal guarentees are involved,they may not finance through a loan agreement at all but raise money through a debenture or bond issue.

Ther difference between a debenture and a bond is that A debenture is just like a bond in all ways except for what is pledged as security for the investment. With a bond, the security is property. With a debenture, the security is only the “credit-worthiness” of the issuer. So if they have a AAA credit rating, they are in excellent financial shape. But if they default, or go under, the debenture holder has no property rights per se.

That is why "Credit rating " is so important..a debenture is higher interest but has no property,like the mine or their personal houses as security..and they will probably go that way..The BOND is self expl;anitory..more risk for the borrower(us) but "BONDING"read binding..restrictive..

So that is why we may go to the Richardson's for a debenture for financing the mine.

Portee