RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:accumultionMonkey,
Lets assume the info on revolver is correct for now. If 30 million remains then they most likely P got the Mux cash that was owed.
So now we sit at 22 mil cash in treasury, 21 million owed to P from Vat which seems to be paid on a regular basis now and whatever free cash flow they can muster up this qtr . Keep in mind they are only working 6 best veins and have a huge stockpile at mill as a result of issues last qtr. Their goal was 2400 tpd this qtr followed by 1800 tpd for next few years without exploration budget. They mined at 1246 tpd last qtr. it appears they are in a window where the debt is managable with small refi or 1 year extension on existing revolver.
Seems like lots of work towards paying down debt just to give mine away. We will see