Good work TMT;
"They kiss good-bye to $63,000,000 in debt guaranteed by Arc that they would have no chance of recovering (no-one wants a rusting gold mine).
They kiss good-bye to 40% of a listed company that they currently own."
The above is what is keeping them in there. There is the ability to get all their money back relatively quickly.
Your scenario is sound. It is just finding someone with the money. Gold mines are looking more attractive by the day though, especially a very near term producing one !
Mine involves further JORCing at Cibaliung to prove resource extension to improve viability.
Everybody loves a good JORCing every now and then;)
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