I hope you're not including switching on the 2ndary ball mill -...

I hope you're not including switching on the 2ndary ball mill - that was there back in CCU days. So I'm not sure what upgrading you're referring to? I note MKR claimed to have 'inserted' a 2nd ball mill. Switching on something that was already there doesn't really count as an 'upgrade'. There are no new leach tanks or other infrastructure that I know of?

I know they installed a campaign elution unit from Gecko because the old elution circuit required massive capital upgrades that they couldn't pay for.

Interestingly, they also let slip they need $2M of capital upgrades of the plant but I don't think that's included in the 'working capital' of the latest CR?

I know most of the facts as to whats happening out there, which are enough to draw my position from. Loose lips sink ships. They've certainly sunk the MKR ship in my book. Stock market seems to agree. UNLESS of course, this much hyped silver bear market you've been mentioning for ages finally comes through.