Ann: AGM 2022 Presentation, page-29

As I said in the last post. I doubt they are that stupid to raise. No one will take it up. We are going to see assets sold here like AIS sold off the gold asset when they acquired Cracow.

More importantly if you are sweating a further move down to 3.2c you really should not be in NML or anything similar. I can name a few miners I already own that is a better fit for trading. NML is a LT turnaround play. You need some of these in the portfolio to constantly beat the market average. It will be lumpy but is quite rewarding when the herd comes afterwards.