via Financial Post - Waterton

My guess is that Waterton(Sprott) will be a player in whaterver new configuration the company choses in a mezzanine capital arrangement.

I am assuming they have more than plenty gold in unrefined form sitting in an escrow account to take the step of development, which would require a top up. The amount of gold can be measured against the liabilities column of the balance sheet, which has now gone through flip flops in numbers, just like everything else - mine grades, production rates, reserves, foreign exchange rates - anything to do with establishing value.

Escrowing production has now become part of the financial structure, and unlikely to disappear overnight.

Financial Post

-F6