death rattle sounding ? if gold price rises hedges out of money...

death rattle sounding ? if gold price rises hedges out of money and treated as additional debt by financiers, with only solution increasing production. But if production costs too high its worse than zero sum game.
Good bunch operators but the era of low grade multi pit deposits was 2 -3 years ago.
Gutsy shareholders would tip in again and with capital markets tight - team may have a plan but do they have access to the capital. Single asset operators need a big brother - BOK:AX got one not that long ago and looks so much better value when doing comparisons.
With a mkt cap of circa $8M, the plant and infrastructure is worth many times this hence market giving no value for the whole of operation at present.