I think your figure of $71M of liabilities is rubbish.
Other than trade creditors (say $6M-$10M) it has a convertible note for $12M due in 8 months time. which will likely be rolled over with a sweetener or two to the note holders. They have a metal streaming agreement, but this is paid out as they produce so is not a liability in the normal sense. In normal production, after streaming costs they are making $1M+ per month EBITDA.
With flood damage to the haul road from the open pit repaired a week ahead of schedule and current production no longer under threat, they should easily raise the $6M needed to keep the creditors happy.
KBL Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
