80M in debt for this type of company, at this stage in it's...

80M in debt for this type of company, at this stage in it's development is marginal on being a positive or negative, especially as it's convertible bonds.

These are serious operations and take serious hurt money to develop and many companies run with debt on their balance sheet.

Let's place some context around the debt.
A similar peer often over looked and operating in the same country and region is great basin with their flagship mine Burnstone. They carry over 200m of debt.

Operations of this magnitude require significant capital input it's just part of the game.

As long as the company continues executing to plan, then the debt will be rolled over without question or perhaps converted to ordinary shares with minor dilution.

Debt cover isn't an issue IMO, why? Because the bond holders would have walked when they had a chance.
They stayed.
Mav