well they might lose all of Cove. Losing those 300k ounces in the upper might make the project not economically feasible. Not sure if they'd do all that work for the remaining few hundred thousand ounces.
Not the end of the world but that was 2 years of production and probably $270MM in profit which they will now need to raise in selling equity.
I think the selloff is overdone. Not many juniors left with 4.4MM ounces. This will probably get taken over now that they will need the money. Let's hope we dont get stolen like Terrane did.