another bullish call, page-8

without debt no project would get up. It's the type of debt and the ability to pay back, that can be the problem. Costs and falling commodity prices got the company punished. But now you take a rising commodity price and the ability to pay back quicker. Its all in costs fro 1.70 alb to 1.35 in about 6 weeks with grid connection and you have the ability to pay off quicker so debt is not the problem it was. Every 12 mil paid back puts 1.2 mil on the front end in interest savings. Coupled with 5 mil a quarter in savings on all in costs frees anothe 6.2 mil a quarter. You take this for 12 months and your quarter is 10 mil in front of where it was in the previous 12 months.
As I said debt is nothing if you can service it hence the sp down to where it was. Pay it back and make inroads a higher commodity price and it's a market darling.