That seems reasonable, if they can yield that amount of gold. They have $93 million in the bank. this was posted on the waiting game article from Canuckle Head on the Waiting Game
"Since the federal announcement last year, equity financing for juniors has collapsed. Garrett doesn’t believe this will concern Haile unduly. “The capital cost of the project is only $320 million,” she points out. “There is a significant amount of interest from the banks for lending against the project. It’s high-grade and low cost, so it really is a unique asset in this area. We’re looking at bringing in the debt side of it over the next six months: roughly between $150 million and $200 million. The balance would be done in equity, but we wouldn’t need to do that until we get closer to the final permits coming in, which would be late 2Q 2013. We’re actually going to be one of the lowest capital-cost projects in the industry.”
Silver, Its hard to believe they are not going to raise capital through dilution. The question is how much and when. Also, what if the Government takes longer to grant the permits.
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