Assets are worth way more than the 12 million owed, nice deal. Who can tell me why the lenders would want to step off their neck now?

As a result of the default, the $12 million principal balance was subject to being called immediately due and payable by the Senior Secured Lenders and the Lenders have commenced charging a default interest rate of 18% per annum. Additionally, the loans are secured by a first priority interest in all of the Company’s assets including its equipment, its mining rights existing at its Relief Canyon mine as well as any future mining rights the Company may develop in certain other properties.