Call Altmman and ask why not a convertible debenture and you may find out this avenue was explored extensively and that debt financing is harder to come by than you think. Ask any company trying to access the debt market what the problems are today and they will tell you they have never seen anything like it and most get an answer of NO. Now try it with only one small mill operating and only contracts for a zinc and lead con sale but not yet the goldpyrite con and exploration expenses with a large potential upside requiring more money to realize.

A billion ounce resource requires capital to get the job done and it seems this is the price of capital today and I guess it requires sleeping with the devils on Baystreet for now. Let's hope their interests are now sufficiently aligned with ours as I'm tired of fighting these bastards and watching TD, Etrade and RBC/CIBC with the hammer just like everyone else on this board.