TELSON RESOURCES INC SOHFD

Interview with Ralph Shearing

[MacRellen]

What he says is mostly covered in the NR of November 16.

He says that additional funding of construction at Tahuehueto beyond the $12M loan will be done by an equity raise or a silver streaming arrangement. Their budget is $13M, the Accendo loan is $12M. Both Trafigura and Accendo will need to approve that budget, that it's sufficient for finalizing construction - Ralph emphasizes that the funding is not a done deal, that DD is needed.

They're hoping Accendo's DD will be completed in 3-6 weeks, and they hope to be able to achieve the funding in 6-8 weeks or less (so I guess it'll probably take at least 8 weeks).

He also says that the procject is about 50-60% built (which is down from NRs from about a year or so back which claimed it was at 70% - I guess wear and tear?).

8 months from financing until the project is up and running, a year until it's running at full capacity at 1000 tpd.

https://www.youtube.com/watch?v=vxlBqi9V9w4&ab_channel=Proactive

[itsamateurhour]

Looks like we're at the eight week mark! 

[MacRellen]

And looks like we'll have to wait a bit longer, since there hasn't been any news on Accendo's DD which he said he hoped would be done before christmas. OTOH it seems Campo Morado is doing well.