beginning of the end Vector - eerily similar the CRB. NAB facility terms could not be met so working capital shortfall/tightness in the short term needed to be met with something. kudos for staring down the CR though I suspect given the current situation might have been hard to get away. Replace with higher cost debt. would suggest NAB breathing a sigh of relief! will be a keenly watched Mar Q'ly. suspect opex will be higher than estimated and output lower due to actual recoveries being well below feasibility estimates. Intuitively, it always struck me that +60% recovery factors on inventories where half the fraction was already ground to -9microns - even with longer residence time - was a big ask. the Woodlawn flow sheet assumes recovery factors in the 40s and their tailings inventories run 40 micron and higher. something arithmetically has got to give.
NCZ Price at posting:
83.8¢ Sentiment: Sell Disclosure: Not Held
