I don't see any realistic way out. Mined tonnes were the lowest...

I don't see any realistic way out. Mined tonnes were the lowest of any full quarter. Ore grade is still around 1%. HMC production is half nameplate. Final products I am going to assume zero since MSP commissioning suspended. I cannot believe it's been over a year of commercial production and they are still mining 3 Mt @ 1% each quarter.

They are getting DFS prices for HMC so if they get the MSP up and running you could probably expect they would get DFS prices for final products which doesn't move the needle. In order to cover costs and pay back lenders they probably need to make $60m a quarter (nameplate production of final products + 50%) or hit nameplate production of final products and also reduce costs to $25-30m. Neither of these seem likely at this point.