RE: whats the approx..10 Jun 2019 14:22
sottr - simplistically if you can show the lender you can afford say 120% of the annual loan cost, (margin of safety) through achieved sales then debt becomes feasible. If however you are showing an achievable plan but maybe not showing enough actual performance yet, then equity funding becomes more likely imo.
subsequent rns confirmations of grade, low capex, sales and positive cashflow will only help increase the sp and how strong we are when financing is needed is really important. add in tin price and tin demand plus other metals involved and its a case of how it all looks at that time.