In my opinion the likeliest scenario given how the silver price...

In my opinion the likeliest scenario given how the silver price has performed over the last couple of weeks and also CCU signing a pre-agreement with Sprotts:

- Shareholders take up 40% of shares on offer via SPP (Gives CCU about $2m)

- Existing sophisticated shareholders participate in the 'top-up' to take up beyond the original limit of $15,000 (Gives CCU about $1m-$2m)

- Paterson manages to stump up the remaining $4m+ via new sophisticated shareholders