RE: Approval of Workplan Adding to changing the access from shaft to ramp, if you read carefully the loan NR it said the following:
"The Company anticipates closing the loan by early summer. The executed term sheet is not a commitment to make a loan, and should not be relied on by any third party, but is an understanding of the financing that has been proposed and is acceptable to the Company. The Company and Durham expect to work diligently and quickly to close the financing."
1) If they closed the loan early summer like mentioned when are they going to start construction? If they start Early summer like mentioned they will loose the opportuinity to start in spring and don't forget that the interest rate starts as soon as they start contruction.
2) If they're going to start in spring next year why are they going to lock themselves with a loan a year before?? In the mean while they can try to find a better deal as mentioned "The executed term sheet is not a commitment to make a loan".