Great interview by Walter, especially on financing packageWorth watching. Walter does an excellent job explaining why SKE put together their financing package the way they did and, more importantly, the flexibility they have in case they want to buy back 2/3 of their streaming deal (18% IRR) and/or get acquired. Hits the head on the nail explaining why financing for juniors is so horrible the past few years and why they did the full deal with Orion. Financing package also includes overrun funding.
They are now fully funded, should be able to start construction at next round of permits (expected in month or two), as they'll be able to draw on the $100m of new equity and $200m stream and, after getting the environmental permits in roughly a year, can draw on the Orion debt (not cheap at 13% currently), with production expected in mid/late '26.
Reading between the lines, Walter is hoping to be acquired and the deal is such to make it attractive for a buyer. Also notes, that silver (which wasn't streamed) will be 30% of the revenues and is especially excited about the upside potential.
https://www.youtube.com/watch?v=MbBEbCrYOT8