It seems they have permissions to reopen and mine. So as long as...

It seems they have permissions to reopen and mine. So as long as the economics still stack up (with the new/current higher royalty rates, and access to the better half of A pit), then it all comes down to financing. They should not go bankrupt unless not gaining any financing - then we'd be done for in 2 months, a surprise administration announcement because of no finances left.

So if they get $100m financing for example, then that should give them enough to reopen and start making positive cashflow (rehiring/refurbishing, then processing stockpiles first, then maybe the unmined 2nd half of A pit, then dewatering - my guess). Then no issue (other than the royalty rates, in my mind) - cashflow allows them to negotiate under less pressure, and to fully develop Chatree again.