Is this a credit facility as in they can use it whenever?

or is this a debt issuance to timmins from sprott. 

I believe it is the latter, and it would make no sense for them to pay off the loan. Thats 18 mil that can be used for better things. Also remmeber from the 9% paid they save a tax liability. (so overall they are paying roughly 6%).

the cash balance everyone speaks of.....dont see it...but I am hoping for it.