Beacon Hill Resources - Re: BHR Stream Log - I think that the sub...

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Re: BHR Stream Log
12:28 09/10/2014
idg69
0 replies 0 0

I think that the sub lease agreement was a prerequisite of the debt facility being signed off. I'm hoping that now the sub lease is concluded the debt facility can now be secured. Remember though that the SDF is only for £20 million and I believe we need a further £17m on top of this to get to Tier 1 production. This is despite the BoD announcing last year after the Darwin CLN's that we were financed through to Tier 1 when clearly we weren't.

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