I have a feeling shareholders will get rinsed but this project will press on.
The mill is running better than expected and development targets are being reached. Unfortunately, liquidity is the game and that debt is killing them. Most likely Regal sink their teeth in and get a huge slice of equity to refinance the debt or Toho Zinc are the Knight in shining armour.
Either way, they don't want to lose their US $100M which is what they're looking at if this goes belly up.
Pretz
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