GREY:VITFF - Post by User
Comment by
Human7on Jul 11, 2024 5:04pm
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Post# 36129158
RE:RE:RE:The Elephant in the Room
RE:RE:RE:The Elephant in the RoomYes let's not forget about the financials.
IMHO I think the lenders would much rather this be an unfortunate mishap from which they make even more money than had the loans been paid off as was planned by end of next year if I recall. That is their collateral i think... future gold worth more than the trouble of changing things. Lenders just get another year or more of interest payments on something already proven to make money. Wasn't there already a second pad approved plan in place?
How soon a 2nd pad is viable and can start paying bills is what I would like to know. Is that a year away best case? With the FCF they were making, and the POG going up, even if it's reduced ounces, the timeline to any kind of a production restart is the biggest factor here. In the meantime they will get the money they need to keep the lights on somehow.
FN also a wild card, but I think perhaps they will want things to go well in the end for everyone, including all their members with jobs there. This mine was already running.