Sags
The cash is to repay existing debt. (>$110M) The undrawn facilities are solely purposed to mill repair and Nymagee Project development. The money is not available for other purposes. Considering Nymagee is marginal under current copper prices that money will not be drawn in the near future. If they want to extend Hera or attempt to find higher grade at Nymagee or even pursue other exploration there is no spare cash.
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Sags The cash is to repay existing debt. (>$110M) The undrawn...
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