I've really got no idea. But, as you know, I'm happy to...

I've really got no idea. But, as you know, I'm happy to speculate.

There will be bugger all debt paid out of the latest cap raise. Prob around 75% is budgeted for drilling and exploration with the balance for corporate overheads etc.

So where is the money coming from to pay debt and pay out the $1M convertible note? Well, after doing some back of the envelope calculations based on drill metres and exploration activities publicly announced, I reckon that CLZ will receive approx $1.2 - $1.4M from R&D rebate.

That should clear the remaining debt and clz will be in a great position.

My opinion only. I don't know anything.

DYOR and GLTAH