I agree Nikec, and there are numerous projects that operate...

I agree Nikec, and there are numerous projects that operate outside of terms. I don't see creditors as the major risk. They don't want to operate the asset and wouldn't do well in a sale. And when they loaned the money, they knew the market and sensitivity to copper.

The risk is the medium term price of copper - how low it will go, and for how long. And this isn't anything about skill of operatorship - this is just a reflection on the strength of balance sheet to weather the storm. However, I think if conditions continue to prevail, you will find the creditors willing to renegotiate terms and payments maybe further delayed.

Looking forward to the upgrade coming online, and the VAT refund.