a question for bb, page-2

I can put up spreadsheets if you like.

But compare 2009 (when they ran into trouble to now)

2009 - Cash at bank 2 million, Debt 200 million circa

2012 - Cash was circa 80 million going into this quarter plus plus 25 million in escrow at Mungana Goldmines (comes out of escrow in June)

Real cash debt was -62 mill, lease/hire facility -11 mill, stockpile inventory arrangement with Guandong -19

Are they priced for bankruptcy? Yes

Will they go bankrupt? If they spent 80 mill this quarter, maybe..

Will ANZ renew their finance facility given the outlook for Zinc & China? You bet...

I have never seen a business go bankrupt with 10 times more cash than serviceable debt.