Meric has pointed to the path ahead.
Pybar charges about $3m a month and has for a long time.
The $9m outstanding (in dispute) is a commercial debt and WILL BE SETTLED; whether the sum agreed is $5m or $12m.
Pybar has also practical constraints as a substantial shareholder - it can't destroy the value of its own asset.
So the dispute WILL be settled - likely by the legals.
Unlike loan/financial debt, settlement time for commercial accounts can be a bit more rubbery.
More capital is needed, though; a loan facility is likely in the short term;
as the share price and trading is not robust enough for share/option issue.
Finally it is crystal clear that production efficiencies are critical to getting the aisc down to generate some cash.
Attaining the $1200 aisc as forecast in the report would 'kill 2 birds with one stone'.
WPG Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
