Going according to plan, page-6

I find it hard to believe that the UG concept and design would have progressed to this stage without there being solid evidence that it was a going concern. From my research, and I've done heaps in the last few weeks, the Phillipine mine and geoscience dept (or whatever they are) are safety to the max at the moment because of a groundswell of anti mining sentiment following mining disasters over the past few years (the latest being July this year with several fatalities). I'm sure Red will have to dot their I's and cross all their T's to get this sucker fully operational.
And Dr Spok, welcome back, although I fear you might stir up the blowfly again. Just a comment on the cash issue. To the end of Sept they produced 41,382 oz of gold and sold 34,663 oz, leaving 6,719 oz somewhere. While it does not show up in P/L, or balance sheet (inventory at cost), or cash flow report, I would like to think that it has an unrecorded cash value of close to $10 mill that will appear as cash sometime soon. And there was the $4 mil that was sold, but cash not received at the end of Sept. There's already been an upgrade to Q2 production so I'm thinking that, with the continuing dry weather and extra equipment, we'll see a significant upside to forecast figures. I can't see cash as being an issue.
My opinion so DYOR before investing.