RHC not alone It is kind of a simple situation RHC is in - shared by lots of microcap companies- just look at AIM index which is reaching covid global shutdown range.
Capital markets are very tight for microcap companies, especially for early stage resource companies. Interest rates are very high. Plus other kickers required (sometimes share grants and options) and there are covenants and other protections. It is extremely hard to grow a business in face of huge borrowing costs because the cost of servicing the debt goes up faster than the increase in cash flow generated by the new debt funded expenditures. Very much easier in extreme low interest environment that we once had, where capital had extremely low cost. You can see how cash flow from Steveville is not optional. Small resource companies need a great resource, in a good location, and ready access to capital. Unfortunately Steveville cash flow will help but is not in itself enough to follow the growth path that is right in front of them. They have to solve that and it cannot be with debt. No use getting mad at the company. They are trying. Who knew how many extra millions this facility would cost? Getting it running is a lifeline at least.