RE:RE:“Copperstone to advance to production within twelve months”?" Sabre Gold’s project funding strategy remains focused on minimizing dilution to our existing stakeholders. To date we are pleased with the progress made advancing discussions with potential lenders, Star Royalties, and our current lenders both of which are directors of the Company."
Looks to me that they have lender or lenders that will not accept a second position.
They have to get all "First Positions" to take a second position.
Current lenders would have to subordinate their interests. Ths is in progress.