No No No gomer08 actually they don,t. I have already included that 5 in the 16.7 above. "+ 5 to come regal".
Yes there is cash coming in from the Quarry and re-treatment plant and It's not surprising Scottm likes your post, he also struggles understanding the financials.
So i will try and keep this as simple as possible for you guys.
For every dollar they put in the bank (Total sales / revenue / turnover ), they spent 2 dollars in production and wages. This results in NEGATIVE cash flow ( BAD ) That extra dollar then has to come out of the money raised to get the OC up and ruining. That totals up to be NEGATIVE $ 2.3 million for the 3 months. It looks like they will delivery the same result this quarter and burn another $2.3 million. Remember it is the wet season.
Frankly something is very wrong. Maybe it is me, I just can not understand how they could increase the throughput over the last 9 months but not the concentrate by anywhere near the same %.
EQR Price at posting:
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