Yes this is still my worry.
I feel like there are three camps:
1. Operating costs fall during winter months and the management were trustworthy in that the income from operations from mid 2022 will sufficiently cover drilling costs and therefore no CR.
2. Management were intentionally not providing the economics of the project because they know in advance that the acquisition meant there will necessarily be another CR and by not revealing the numbers can get the CR done at a higher price.
3. Management were expecting 2. but by happenstance the oxide prices rise sufficiently that the extra cash flows allow them to scrape through without the CR.
Still not top up level for me yet, happy I took some profits when all the ree popped. Its a wait and see from me.
Yes this is still my worry.I feel like there are three camps:1....
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