I guess what Mr. Perry said so many months ago is true. MTO is cash positive, not from gold but from extended loans and PP's. Didn't see this one coming as they have said they had enough cash so many times I can't count.
It is a good sign they can get the money but it does not change the fact that it is further dillution.
Wonder what the actual cash cost per ounce is when you factor in Sandstorm and all debit repayments required.
I don't think 60 000 oz/year is going to cut it anymore. What a gong show.