Somehow, I missed Brian Briggs' “Surviving the Mining Crisis” presentation at the Society for Mining, Metallurgy & Exploration’s annual MPD Meeting in Colorado Springs. The presentation can be found at http://www.redcloudmining.com/news/wp-content/uploads/2014/04/SME-Presentation-April-2014-Final.pdf. If this presentation has already been posted, I apologize.

Page 9 provides various features of debt financing available as of late 2012, which features made traditional debt financing unattractive.

With best regards.

Old School

P.S. Given Tyhee's experience with SFEG, I wonder whether Tyhee's management will consider companies that are already in bankruptcy proceedings so that shareholder lawsuits won't derail potential acquisitions.