Yep. Not to mention whilst we are in all likelihood net-debt 0 by now, we technically still have debt, and we saw in March 2020 how quickly commodity prices can change against you. It is much more important for a company such as Aeris to go from net-debt 0 to +$100m than it is to go from +$100m to +$200m.
Let's get to +$100m first and then we can afford to take some more risk on spot prices and can ride out periods of weak prices when our bets don't pay off.
Remember, Aeris could've gone bust if the prices in March 2020 persisted. It's only a result of management getting the Cracow deal done during COVID lockdown and the recent strength in copper that's really saved Aeris.
I'd rather forego some millions and bank $100m guaranteed than risk being in the same precarious situation we saw ourselves in in March.
Yep. Not to mention whilst we are in all likelihood net-debt 0...
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