possibly. but if the company making some coin to pay back 50% debt and the miners, It could be OK. all speculation here. but noble might be giving some debt relief right now. it might be saying you got a month, where you can pay us nothing. get the mine up and running to $1-2 mill FCF a month. if this happens, they might convert debt to equity and vend another project into the company for nil cost.
all guessing here.
everything comes down to the zinc price, grade quality, mil and mine efficiencies. any f*ck ups like before with the wrong grades and its lights out. everything needs to come together now. I don't think they losing money. if they were, nobles wouldn't even give them one month though. so, they must have a plan to optimise the plants.
let's see if it works.
we got a month.
fingers crossed all.
SL1 Price at posting:
0.7¢ Sentiment: None Disclosure: Held
