Would you place RED in the 'dead pretenders' category? Likely IMO, but premature yet.
Guidance is production 60k @ $2400 AISC, with approx $40 million unallocated in the bank, after fully-drawing the last from the $175 million credit facility.
I'm just not seeing how you lump RED5 in the same category with debt-free, cash-rich and proven operators like Ramelius and Silver Lake.