RE:RE:RE:RE:out early?so essentially they added >5mm US$ in net cash over the quater, if we assume they continue to do so the coming quaters, the exsisting 40mm US$ in cash + the coming money should not only be
enough to carry Ana Paula through final permitting and DFS/BFS but there should be some money left for a portion of CAPEX which is only 120mm US$, if we then assume the warrants get exercised i estimate that about 1/3 of ana paula CAPEX could be financed internally.
An additonal 1/4 to 1/3 could be financed through a silver stream or a royalty. There is no material pre-exsisting royalty on the property and the PEA sees about 300k oz AG as byproduct, which is rel. to 130k AU per annum pretty much immaterial for the TMM/Ana Paula, but OR.to. SLW or SAND might very well like it.
So the remainder of the CAPEX should be a no-brainer, i am acutually thinking even a "no-debt" full equity option should be considered here, IF we don`t stay at an EV 125mm US$ (As of today) , wihich is about half the NPV@5% of Ana Paula alone as per PEA...
...still thinking Leagold will go for this one, but it looks like this can do very well on its own...