Hi Nabaru01,I don't see why the bank would not accept a less...

Hi Nabaru01,

I don't see why the bank would not accept a less aggressive schedule of principal debt repayments. If you have a profitable business, banks are usually more than happy to lend you money. After all, they make money on outstanding principle.

They will obviously look at the risk profile of the company, but I think there is significantly less risk today than there was back when they approved the current loan. We are in production, we (hopefully) have increased mine life, we already have paid back more than 30% of the debt.

Main risk, I guess, would be the POG, but additional hedging could take care of that.

Cheers,
Anders