Yes will be very interesting. It would mean that in retrospect the operation should have been kept going with a revised mining plan (open cut only). The $A gold price since the time of going into Administration has been very solid and I am sure it would have been cash flow positive.
Maybe IMC could have coughed up with funds one more time (to pay out the Investec call). If they were Miners rather than Investors maybe they would have.
Unfortunately the crunch came for View just at the wrong time as risk aversion was becoming the "in thing". Anyway no point in pondering what might have been.
VRE Price at posting:
$2.60 Sentiment: Hold Disclosure: Held
