RE: Binary Play?1 Apr 2024 19:22
Good post Testpack, the only thing I would say is that surely in the worst case scenario insolvency can easily be avoided by just cutting costs, preserving cash by mothballing the project if they really had too rather than the downside risk you state. The company after all has no debt and could easily do a mini raise to keep the lights on if they really had too. They do after all hold the licences, the mining permit and the new process IP, which would be worth something. Surely it makes sense for all parties to get this project rolling now anyway.