RE: sbb You always raise funding before you need it, especially when market conditions are bleak and the turn around is still off in the distance.
The press releases which outlined the 2013 season called for an aggresive campaign. The money in the piggy bank after the campaign will be somewhere in the range of 40-50 mill without any further financing.
If you can raise money, no point in selling an excellent silver royalty in one of the worst precious metal markets we have ever seen. Selling the silver royalty would be a contigency plan if funding to move the project along could not be aquired, which it was.
Shortened program this year. Next few months should bring some more good news.