"I realize they now have further debt on their balance sheet but it's long term in nature, they only need to worry about servicing it (not repaying or refinancing)"
That's not what Scottm is saying. "when then re-finance the debt in 18 months". So that before the Oaktree guarantee expires.
As for "I'm hopeful we'll see operations cover the cost of their entire operations and exploration works in the coming quarter."
Scottm has also said that production can not greatly increase because of the lack of crushing capacity, so with mining cost flagged to increase i don't see how they can get cash flow positive with the operation this qty.
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