My feeling is this buys them some more time and they get an additional $2m funding to begin mining at a higher rate with a larger mining fleet - this is being organised now irrespective of the $48 mill payment. While they hold out for the remaining 48mill from Domain, they will continue mining, selling more product hopefully and potentially generating more reasonable cash flow levels. If they can show proof of concept i suspect Domain will fork up the remaining dollarydoos.
I think a misconception is that mining ceases until BBM is up and running. Anak, PCI and BBM all part of the same deposit. They intend to continue mining Anak/PCI, hopefully ship some product out, whilst they construct BBM.
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