TTY did state that their debt will most likely be repaid in about 2 years. Correct me if I am wrong.
Looks like TTY could end up with debt of about $80 mill. by the time this hedge is finished in August. At a profit of $32 per tonne this should equate to $80 million per year profit at 2.5 mill IO to China. So this debt should easily be gone by the 2 years.
I know nothing.
good news at frances creek, page-21
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