Hedge delayMaybe they will hedge more than necessary to cover the cost of RP2.0, pay off debt, and fund a portion of the new operations in Caribou district.
Get the money locked in and expedite getting thing going on all fronts.
Satellite operations could pump out a bunch more zinc. Excess milling capacity at Caribou. Take out treatment charges longer term to reduce costs substantially --of course would have other costs but would be much lower.
Caribou area could be as big as Rosh Pinoh area once RP2.0 gets going.
And they will be drilling at other operations once more convenient. Already have T3 to follow up on.
Interesting times ahead.
Going to go out on a limb and estimate 2.20 zinc at some point next year. 33% higher than now. Laugh at you want but it could be a reality. Stranger things have happened. Time will tell.