TSXV:CAV.H - Post by User
Comment by
mining_pays_my_billson Dec 02, 2014 1:12am
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Post# 23184369
RE:MD&A
RE:MD&APage 8: MMB and KORES also advised the Company that MMB is working to complete a further bond issue of approximately $100 million, which MMB expects would provide sufficient funding to complete construction of the cobalt-zinc circuits and fully commission the processing plant, and fund operations through start-up to the time when positive cash flow can be achieved, based on MMB’s current financing plan. Therefore, at this time, no further dilution is anticipated to Baja’s ownership in MMB, which is currently 10%.