Announcement will come on Monday.
They have enough cash for the next quarter.
The only reason I see for a drawdown over the next 3 months
is to finish the capex spend earlier.
That will increase production,....lowering costs.
I would see that as a good move.
I see any mine producing 12mt PA as an A grade asset.
I would think the announcement will set out how much cash is currently on hand
and plans for expansion of debt.
I think the market will be positive to a more robust balance sheet.
Given current low zinc price.
Expect a move back above 26 cents
Cheerd
NCZ Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held