What we know1. Ncu has filed for 60 million dip loan.
2. Elliot fund through TF stream is already heavily invested.
3. They control 66 billion in assets.
4. They like to invest a minimum of 1 billion in an individual corp.
5. They have offered 60 million for getting mine to nameplate quickly.
6. They will advance 20 million to keep employees on the job working, even before the final paperwork is done.
7. Dip financers go to the front of lien holders.
8. Dip financiers are almost always friends of the corp and although not in absolute control, usually have a game plan that stakeholders aprove of.
9 There is court supervision, which is mostly a rubber stamp if stakeholders are cooperating.
10. We are waiting for the court to approve request as filed.
11. 60 million is more than enough to get to nameplate.
12. Most feel that much higher copper is coming.
Nf