$21m in earned interest on $350m @ 6% pa in the past 12 months.
Maybe Australian expansion is not a good idea. Alternatively management could conserve cash - wait for the inevitable crash, and buy hematite (not magnetite - such a waste of money as AGO has shown) assets at the bottom. Maybe in West Africa, since those assets will be a fire-sale prices soon.
qrtly out - where has the cash gone?, page-19
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