Yes
This back up what I have been saying. They have to pull forward the processing of the stockpiles because the of the lack of performance for the mine itself.
As per the below the production is just 50% of what they budgeted for.
As for more MTU's. The 20% increase in feed will be offset by the greater than 20% drop in grade. They can mask it for a quarter or 2 with the HG stockpile but once it gone it gone forever. It than blows up the economics of Saloro from the end of the year. How do they pay back the 40 plus million in loans?
But that's down the track. It's desperate times now. Looks like they will burn through another 9 million this Quarter. So of me the odds are still increasing. That they heading down the same road as G6M, with a shareholder reset and Oaktree / Cronimet converting debt to equity.
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