Yes that's true but IMO CAI needs to restructure its debt ASAP to lower repayments, it will make life a lot easier, it looks its going to be very tight this year, currently I beleive its $5 million a quarter plus interest, which is about $7.5m per quarter. That's a huge chunk out of their projected slim profit margins.
I am sure they can bring costs down these coming quarters and once they get production to over 100,000oz/annum profits, it also help to increase profits to a level where they will be able to manage debt comfortably and grow the company.
CAI is walking a tight rope until repayments can be deferred or a debt restructure is done, I sure management is doing that now.
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