Looks like the Syama underground project could be financed on existing working capital and projected cash flows in FY2016, this was the monkey on resolutes back over the last 6 months imo!!
no mention of timing of cash flows/production and one hopes they are steady and not reliant upon a massive Q4 when they are underground, would have been nice to see some guidance on this, keeping there options open and noncommittal in this environment however seems to be a good strategy.
Could see a rerating soon despite the pog, operating costs are in USD in Syama but guidance in AUD so there is a decent buffer and Ravenswood still ticking along very profitably in the background
Ann: Resolute Operational Update, page-2
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