spec101, where do you see that burning money pit?
From p.2 of the Q (numbers Q specific):
$47M cash.
62,370 ozs. at AISC of $1,234.
63,834 ozs. sold at $1640 oz.
(50% of 4379 ozs. not in the figures.)
Profit of $406/oz.
Profit on all of them, $406 x 63,834 ozs. is $25,916,604.
$47M cash + $25,916,607 = $72,916,604.
Now, 1) is the $26M included in the $47M? (I think it is, need to re-read, but busy.)
Using only the $47M cash, with another ~$26M from this Q; where is the capex being spent at the rate that a cr is in the cards?
Thanks.
OV
OV
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