t/o ??, page-6

Reality is GBG does not have cash to do the fix for stage one let alone stage two. Will lose more equity to get to stage one - and more still to get to stage 2.
And remember what nameplate means to GBG - by the time we get to stage 1, possibly 33%, by stage 2 possible 25% - could both be 5% lower.

MGX is not going to take over a mine/plant that does not work and requires significant money to get there.

Just finding an exit point!!!