Approx $5m went out the door extra to what I had anticipated for the quarter, this is pretty much due to the Pan Alto campaign I would imagine as its more than I had anticipated with the collar detail.. Let's see if it is worth spending the money now rather than wait until up and running. Normally I am keen on building the resource when rigs are there, its cheaper and we keep resource momentum.
Unfortunately in the current climate I am not sure will add much to the SP.
Keep in mind they do not report trade payables in quarterlies. I hope this has dropped also considering the cash flow out.
I still think Exploration & Evaluation will be decent $$$ as these studies and reports are not cheap to complete.
Good to see the lower strip ratio was highlighted In the presentation as I mentioned a few days ago.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2
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