Correct you are. There is a whole lot that needs to transpire on this one.
Hard to see cash costs like this low being legit, strip ratio is low but head grade is 1.08 and recoveries aren't groundbreaking either. But then there's cheap labour yada yada whatever.
There is this from the quarterly though:
"the actions of the Thai Government to halt operations at the end of 2016 have also seen the operation halt all meaningful capital investment"
It is amazing the money a mine can really save when they know it's coming to an end and they know they need cash
Anyways, think they might be trying to gain some credibility there for there next adventure..
If they get that debt nailed they'll have a good amount of cash to move onto the next thing, interesting to see how they go with the Thai gov. Good example of the capital risk in such countries if holding LT.
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