They might want this line of credit for expansion purposes. IIRC they said they could expand from 1250tpd to over 2000 tpd with an additional cost of about 30 mil. It is possible they are currently working on getting the additional permits and planning on expansion once the mill is totally operational. JMHO
pio, I have owned this stock for a number years. I strongly disagree with this proposed options program. You can call me a troll if you want. I just want management to perform they way they should. When they have done what has been promised in the past then maybe they will deserve additional rewards. However, IIRC they were going to be in production over 3 yrs ago. They were going to communicate with the stakeholders better, they were going to be more open about their progress and plans. Have they done that? not in my opinion.
I am highly distrustful of this management group and suspect that any 'performance' goals established with be 'token' goals at best. I would strongly urge all shareholders to vote their shares against this program. JMHO. GLTA