Recon we’re all overthinking the situation. If the world debt...

Recon we’re all overthinking the situation. If the world debt bubble holds together Macquarie will bankroll the project outright. NO CR necessary. If the bubble bursts we’re screwed and a CR will be the only option. At the moment RED is awash with cash given the margin on a per ounce basis is, at worst, A$700. IMO much of the preliminary work will be funded by free cash flow of around A$70 mil per year, assuming POG holds.
When the PFS was tabled last August the POG had just started its run and was around A$2,000 per oz. If my memory is correct the PFS was based on a POG A$1,800. In the tabled PFS document management stated that the project will be funded by free cash flow, debt finance, and additional equity, if required. Given the extra A$400 per once above A$1,800 we are experiencing I think a CR will not be required.