Where's The Pullback, page-261

They've built up over $105m whilst paying for significant assets like Edna May, Marda and Tampia so cash generation seems to be pretty good to me.

They are also spending alot on exploration.

I get your point though with Mt Magnet they are often sustaining CAPEX costs developing new pits as the current one runs out. EM should be good in this regard with long term supply from EM u/g, Marda, Tampia and Greenfinch.

A couple of posters have mentioned that the cash balance might not increase this year? Why should we care? Invest the cash in developing Marda, Tampia and EM u/g and reap the benefits down the track.