Note that they have consciously left the $14mil US debt facility unhedged (@68.5c). From all angles the USD looks dead in the water, and as it continues to fail (same thing happened when PMs ran in 2011) Manuka's debt gets cheaper and cheaper to pay off.... their ace up the sleeve is they are also unhedged on their gold production. This Illustrates to me that these guys very financially astute, a key box ticked.
Now if they can bring in a strong Geo and drill team to squeeze a bit more out of Mt Boppy and sure up the Wonawinta resource.... then I'll be a very happy SH.
Ann: Quarterly Activities and Cashflow Reports, page-9
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