Good point Gutfeeling.
I notice from the AR they only pay about 4.5% interest on the loans anyway so probably easier to just pay interest in the meantime. Smart plan I reckon!
But I reckon the LOM report is very conservative which in some ways is good.
I believe costs can be reduced and if prices stay somewhere between current levels and $10/lb for LOM, then they should make a lot of money.
And this doesnt take in to account the upside for a resource upgrade. The resource is completing open in all directions and could add another 5 - 6 years.
Ive heard they'll upgrade the LOM report later on to include all the upside information. Sounds like its a conservative one at this stage, which is probably sensible, but the positive will be spelt out and marketed heavily later.
A great head in the right direction.
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