Loan
Imo they will not be-able get re- financing with good terms until they can prove an extended mine life and that will take longer than 3 mths... 1st they have to drill then get assay reports and if that works out than have a get a report done on how much mine life is extended and then and only then a bank will look at them seriously.... until then they have to pay off the loan...
what we have that is proven is a 5yr mine that 1yr is gone and if you look at the original news release on mine life we were suppose to be at a lower tonnage/day for 2 yrs and then move up to 1850 tons/day for the last 3... Now we are at 1800 already which is only shrinking mine life and now they are talking about increasing production again which will decrease mine life even more....
Like I said earlier when you say you have 5yrs, when coming to mining it could be more or less.... My fear, all this increased production only decreases mine life before they prove more reserves ,that the copper grade could start taking a beating in coming mths... maybe that is happening now and that is why they want to up production even more so they can keep copper concentrate production at the current levels... some thing doesn't seem right... Like I said before when things are going good ( copper prices, profits,potential of other ore bodies etc etc) we need to see it in the share price which we are not... because not everyday is going to be a good day.... GLTA