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4,726 Posts.
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03/02/15
22:43
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PhilW
you have "hit the nail" on the head .......most do not yet get it .....
to get to the ore in the giant pit - the company needs to move a truck load of low grade ore ......total >37m in prestrip costs ....
in addition - there will be some reconfig of the processing plant (oxide to mixed sulphide) ........
if the banks agree to a debt refi - they will defn require additional hedging into 16/17 .......
it shouldbe clear - there wont be a divvy .....
the only thing "saving" hgo - is the FX ....
be careful
rgds
Value_Hunter
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