I suspect you will find , that as part of any mandated Debt Funding arrangement , EAR will lock in and be locked in by the debt provider , to some considerable hedging gold forwards arrangement until the debt is extinguished .
Just lucky the gold $A is favourable ---Management have the responsibility to lock that away on these terms , whilst it is so !
When gold is flying , lock enough forward production away to protect the downside , and keep enough exempt to get the upside .
The critical part is to get the "easy"oxide going thru the Mill early , and repay that debt on time or earlier that market anticipates .!
That's what they will have planned ...and Mr NST Director participation will be overseeing !
JUST use this favourable gold climate to push the necessary buttons to ensure re-rating ...and remember , success Bronzewing commitment and 9 months later restart , and 6 months later ( or less ) "commercial production status"...unlocks a helluva lot of nearby start up projects !!!
Stay strong and stay long!
