RE: RE: CLM-good CSM-bad<< I wonder what the back up plan is for CSM? Although 22.5 mil is not a crazy amount, i'm sure they will be able to raise it somehow >>
It's gonna be ugly. I think the existing $8mm bridge loan was secured by all the Nic assets. So postponing development is not even an option, they need money or they're going to lose everything. It will probably cost them over 20% once you add fees, interest, and equity warrants or convertibility.
They might be able to sell a NSR royalty. Not sure if the properties already have some.
AUY might loan the money on commerical terms (20% all-in).
Too bad that AAB is almost fully invested.