Harm
How about getting your facts right.
Estimated administration costs per quarter is 1.5 million plus about 2 million to cover drilling and other exploration costs,total 3.5 million maximum per quarter on average.
Plus 46,460,607 twenty cent options that are in the money and held mostly by our largest shareholder.
14.4 million is a lot more than just two quarters worth.
Mining costs are covered by SML through diamond sales with the recovery rate expected to more than double by the end of the fourth quarter well before the 14.4 million runs out that should inturn generate revenue back to Lucapa.
But you knew all that and just like stirring the pot.
Ann: Quarterly Cashflow Report-LOM.AX, page-3
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