Kagara was throwing money at 9 different opportunities all at...

Kagara was throwing money at 9 different opportunities all at the same time. OZL after restructuring narrowed it down to 1-2. You can't as we have seen get economies of scale by spending all over the place. You have to finish projects that were were intended in the first place to lower the cost curve Re: the Mungana Plant - which is also where the best grades and ore bodies are. They will still need to sell-off 33% to 50% of the assets to pay off the remaining debt and have more than enough funds to continue on. There also nothing wrong with those assets but if don't have the cash to finish developing them, they have to go. i.e. West 45. They may also raise about 15 mill from a small cap raising, which might just be offered to some creditors instead of payment and some major holders as a reward for gutting it out.

I'm happy anyway to be sitting in VA for the next 6 months anyway until Europe settles down, the AUD falls and the zinc market improves. They have plenty of time to sort things out, sell things for the best price and continue to carry out mine planning and development with 95 staff on board.