Sircorp,With some of that capex still to be spent of course they...

Sircorp,
With some of that capex still to be spent of course they are likely to utilise some of that $55mm facility, but with $58mm on cash I very much doubt they will go far into net debt (if at all), but the facility is a great safety net. This situation is a far cry from your assertion that it has $100 mm debt now, about $150 mm wrong in fact.

Furthermore I will point out that MCR is likely to have cleared any such net debt by the time POS does it’s CR (and likely a debt facility too) for any development that it might persue next year. So should I like you include such possible future POS debt now?

And yes I will take a look at what Resolute is doing, and the reasons for it. Thanks.