Hi GT
For the record Moy has $47.5 million debt - $32.5 mill to IMC and $15 mil to Investec. Not $81 million. Looks like you are terming liabilities as debt. If that the case you need to also consider the company’s asset value - which exceeds liabilities.
But agree that if Moy doesn’t lift its plant recovery rate it won’t last 6 months.
Should be interesting but definitely not amusing.