Ann: Quarterly Activities Report, page-34

Valinvestor,

I never did any real arithmetic on it, but from my reading of the cost structure and outgoings for next quarter I won't be surprised if net cash is in the vicinity of $20 mm by 31 Dec.

They are still spending as if mining was lucrative imho. It's a miner where the financial reports tell a much fuller story than the QRs. Probably running a far too expensive corporate office too.

Like the grade, but the depth eats capital, esp wrt FF.

EL