True, though you miss the point re KBL. Besides the offtake financing deal they did in December, they don't have a secured creditor breathing down their neck. If operational margins are ok, the can then work out their capital raising requirements for the gold circuit and development of the very high grade underground copper/gold ore without the gun to their head. I think most people miss this point, that KBL developed a mine without debt. Probably because everyone else does..
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