Thanks for the heads up there Iwonder! So a new loan facility with later maturity date or a Capital Raise early in 2018 may be required to repay the $6M loan unless the farm-in option is triggered first...... Current Market Cap is $56M so a 1 for 10 capital raise would go most of the way. A 1 for 5 would raise (at current price) enough cash to wait a few years for U price recovery as demand and supply curves cross around 2020-22.
Ann: Quarterly Cashflow Report, page-5
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