RE: RE: RE: 21 cents I don't know who IR is but email or phone Adam Hamilton (Corp Devel) for an answer. He is in Europe now visiting investors to get commitments for final PP needed to secure gold loan. They obviously want to get SP up before but that could be challenge in these markets.
This gold loan is with a different lender than the "indicative gold loan" from last summer. Oroco drew down on a debt facility from first potential lender, but then went with a different lender for the gold loan just announced. That is why you see in the last PR that part of the proceeds on the debt facility will be used to repay a prior lender. Oroco talked to several potential lenders. There was no shortage of interest and if you have any questions why, open up their presentation and look at Capex payback at $1350 Au of .57 years and imagine how quick it will be at +$2000 Au once we get into production.
Xochipala exploration rights are still not officially Oroco's but they expect to announce very soon are apparently ticking boxes with the Ministry of Mines and this is all due to a paperwork error on the Mininstry's behalf going back years. No guarantees in life but Xochipala is the sweetener that makes Oroco hard to to ignore as they are more than just a little mine.
They need to secure PP to secure gold loan. I don't know about time but doesn't seem like an issue as you tell me the last time you say a 1/2 year payback from a mine. I hear it is 14 months to first gold pour from financial close.
Adam will probably tell you all the same per above.