Yeah, but with $600k in the bank as at 31 Jan, and fully drawn down on their debt, how do they pay:
- interest expense
- staff
- other site overheads
- opex to continue the iron ore ops
Unless they can get the FeV inventory crushed, transported and sold, or their trade creditors accept deferred terms, this may get ugly.
Ann: Update on Beneficiation Plant Fire , page-5
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