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Re: None

Monday, 03/06/2023 10:56:21 PM

Monday, March 06, 2023 10:56:21 PM

Post# of 128703
This is not magic, they have a plan
For years now Mark has said 80/20 or 70/30 debt equity. He missed 70/30 by 2%- pretty damn close. He came very close to hitting the target.
They have said for years that they expected financing in tranches. They had plans for what to do with each tranche as they came in.
We have an $85 million tranche from Yorkville that is available now. We can start site prep, test drilling, finalizing engineering, and ordering long lead time items.
The GX/NIO merger should be complete within a month or two. That will be a $285 million tranche. That should get them through every thing that needs to be done this year.
It should take 6-9 months to get the EXIM loan. That is the final tranche. It will allow them to complete the project. It should be available before the GX tranche runs out.
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