thought we had 12 months ..., page-2

Loan facilities available are $17.905M. They can draw on this amount whilst they increase production towards the target of 200,000oz. (see cash flow report)

Basically we need output to increase to this level and a recovery in the silver price to the 30's.

The judgement required is can CCU achieve these 2 objectives and how quickly. In 12 months if things look difficult then there are other options to raise cash which are not ideal but keep us liquid.