RE:RE:Thoughts on NRWell, assuming interest rates stay flat (unlikely), they have to pay 42 easy monthly installments of $478k. Even if interest rates go up 300 BP, the monthly payment is only 24k more.
Assuming silver stays in the current range, that will be easy to cover, but that's another crucial dependency. Duh.
The warrants are issued at the current price, which is pretty fair to us, the existing shareholders.
I'm surprised that the term of the loan is so short. I would think that a longer payback period would free up more capital to fund more development activity.
Does anyone know how much we are paying Minera Cedros in lease payments today? Those will go away.