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Message: Re: ONE MORE TIME ...spiny
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Jul 04, 2012 01:29PM

Yes I understand the nature of the concentrate and realize it will be 2013 before they start seeing any of the $6M due to the installation of leaching system first. But that doesn't mean it cannot be used to pledge against a loan today. As long as they get the money now they can build the leaching system and they WILL be able to realize the revenue that would be needed to payback the loan (nice asset to have) ...unless other events occur prior. I'm guessing the sticky point in the funding negotiations are what happens in case of a transaction? What will be the payoff for the lender? Tricky question indeed.

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