I think the most economical way to mine the Ingerbelle deposit is to ramp up as mining slows down at the current operation so that they don't have to buy more hauling equipment or increase milling capacity. They could integrate Ingerbelle into the current mine plan so they can extend depreciation of the mill and equipment over a longer time frame and tack on extra years of mine life to increase the net asset value. My take is they will try to restructure the debt on this basis to help finance the Eva mine as a first priority.
C6C Price at posting:
$1.23 Sentiment: Hold Disclosure: Held