Now let's see.
At 31st. March KCN had cash in the bank of $11.5 million, gold in vault worth $7.6 million PLUS a debt facility drawn down by $17 million.
At 30th. June KCN had cash in the bank of $30 million and NO DEBT, having paid back that $17 million.
That doesn't look like a bad quarter's work to me. That looks to me like KCN has started swimming in cash!
As for resource upgrades at Chatree North, what will be will be. There are numerous exploration targets - there and in other greenfields exploration.
Ann: Quarterly Activities Report , page-7
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