RE: refineryGood try petersburg.
Arrived a bit late so now must bash.
There is no hedging of cobalt nor any requirement to do so.
BOM is a rock solid Canadian Bank and the ICP mine is fully funded, with the current bond funds to increase the net asset value such that the remaining funds will be released.
The Sunshine Refinery already produces near pure silver and gold dores for its custom clients and continues to ramp up to about 20,000 oz of gold equivalent in custom refining ( approx $35 million per year ).
Its gross margins are above 20 % and it is already profitable with increasing cash flows.
It will now be retrofitted to include a cobalt refinery and a copper refinery.
This will increase its asset value to about $75 million which will then cover the entire Stimulus Bonds.
As for warrants, the recent issue was at $2 per warrant which if exercised would add over $50 million in cash to the treasury.
Something worth shooting for.