from a mining journal article 15 jan 2020 post the Ravenswood deal:
Resolute started the year with net debt of A$380 million and a capitalisation this week of about $1 billion.
Welborn doesn't have any balance sheet concerns.
"I don't think we're very leveraged … I would think that less than two-times EBITDA is an appropriate debt level for a mining company like us and … we're there already," he said."It is more about being in a strong position to take advantage of opportunities if and when they arise."
Ann: Trading Halt, page-34
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