Sal De Vida update, page-335

The naysayers for GXY have for the last 6 months been banging on about cash burn. Where did the $280m USD go from the POSCO sale??

Well we know over $70m went in taxes and transaction costs. Some went towards Mt.C capex.

But this pic shows really where alot of the capex (abt $20m a QTR) has been going.

This is no small feat. This is at high altitude. An unforgiving environment at times.

We are getting there and i congratulate Simon and his Team for getting on with the job, i have to admit i was a pond doubter but they are delivering now.

Well done