I doubt SEI would run the mine at a loss in the initial stages...

I doubt SEI would run the mine at a loss in the initial stages of mining. A few key points from the last few announcement;

1. Board is seeking to finance a large portion of this transaction using a combination of offtake and debt funding
2. Despite the process taking a little longer than initially anticipated both parties are extremely pleased with the progress made to date -
4. The Placement of 72 million shares at 2.5 cents per share, received strong support from existing and new shareholders and will raise A$1.8 million before costs. As a result of the Placement the Company is now in a position to further develop its Chilean exploration and
NSW Gold programs. The Company will also use these funds to part settle the purchase of the Mt Carbine Quarry and Mining Leases.

Based on the above announcements, I feel that an offtake may occur, BOD are happy with the deal (if they are and we aren't .....good luck at next general meeting), $1.8 million for Chilean exploration/develop NSW Gold programs AND deposit for Mt Carbine Quarry and mining leases. So how much to spend on each of the above three? What is the deposit ....is it 10%?

Based on my thinking, I doubt we will be screwed over. Can someone find out the deposit amount and what % of the sale price it is? This will give us a guide to sale price.

DYOR