I cannot see why the company would need to give a breakdown on the money as stated as being available to us in the form of a previous RNS and reiterated since the original news about it. We know repayment of this loan from ACI will be by way of an offtake agreement at the current market price so not at a discount as such. ACI will have pored over the data and samples used in the JORC and non JORC estimates so they are seemingly happy for BMR to draw down on the cash as they see fit. There is nothing within the RNS to suggest otherwise - basically Star Zinc and completion of plant to production. Should there be a necessity to utilize the money for any other purpose then they would need to inform the market, having first authorized it with ACI first. Please accept my apologies for the Americanised spellings which changed automatically apart from that last one.
We've been told production will commence Q3 this year. I'm going to say early on in Q3, so end of July early August, but that's only my guess based on the plant construction taking 12 months from last July.
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