If the Reed brothers are reading this post - I have an idea as GOLD has bottomed and should push back to 1550 over coming weeks/months.
Buy back the 70,000 forward ( 1700 ?) sold contracts - that should realise $300 X 70,000 = $21M
Sell the 40,000 bought puts ( 1640 ) which should net you around $300 X 40,000 = $12 M.
There is your mky cap in trading options.
Pay down the $19m loan and sit on the remaining $12 m for the envitable production issues ......
Ann: Meekatharra Gold Operation Update , page-10
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