Yes I recall reading this and think its a fair forecast/assessment from an operating perspective.
On top of those number lets say CAI decides to extend push out/ 20,000 ounces of the hedge and sell these at spot, surely this would solve the short term cash flow problems fairly promptly. Im not exactly sure how straight forward this process is but seems like a no brainer based on the current situation.
Happy to take opinions both for and against but please focus on the key point here,
ie; Push out hedge to take advantage of current prices to extra cash used to service debt only and avoid a cap raise in the short term.
Medium to long term we all know mine life/grade etc needed but with leverage reduced clearly a much better place.
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