reading tween the lines"With additional capital, deeper material remains economic and we are working with the State of Eritrea to assess reserve increase options. Overall, the Company is in a stronger position to fund Timok with cash flow from Bisha and cash of $171 million on the balance sheet.”
this looks to me like negotiation with eritrea , otherwise why say 'deeper material remains economic' ? plus they continue with exploration around bisha , copper issue is slowly getting sorted and cash cost will drop as volumes increase
maybe not as bad as first look