Ann: Quarterly Activities and Cashflow Report, page-28

You are contemplating a total failure of the mineral resource and that ain't gunna happen. The biggest real risk is the MSP can't deliver an intended product, so the worst outcome is a portion of that becomes wasted money not recoverable beyond sale of redundant equipment. I am expecting pretty solid mine planning and rejigged finances, not crisis level technical failure revelations.

Expecting to see a pathway with still some minor risks on the table, awaiting proven performance / delivery. So SP will be a slow burn while that happens. Despite they hint at it, can't see a CR happening any time soon. Maybe after some staged proving occurs, along with sp recovery, and they say it as part of the to-be-delivered strategy revamp. The idea a CR could be used to stop a financier baling would be a pretty major, near fatal mis-step, and I can't see that getting traction with any serious stake-holder.