That's why the terminology "competitively priced debt" is...

That's why the terminology "competitively priced debt" is something you've heard JDV say over the years.

WKT is a cautionary tale, a lot of red flags up to their debt package anyway. The faithful over there don't realise how burdensome "debt at any cost can be" for what is a small scale mining operation without project scale. It's a truly shocker of a deal.

WKT would have been better raising equity to fund the CAPEX, instead of being bent over on debt finance. Oh wait, they tried the equity path...like I said red flags galore.

BKT and WKT are world's apart IMO, management and project are same country but in completely different leagues.