Because we aren't producing coal. I suggested we hadn't sold anything, which was rebuked with JV.
But we are not selling tonnes, we don't extract anything out of ground.
The japanese consortium were given a green light to drill and got it done quickly. We were given bulk sample permit and have not progressed in this area.
Cash on hand...approximately $750k.
Expected expenses net quarter... Approximately $700k.
I am a long term holder of this stock. It has a good story but we hear it all the time.
We are trying to bridge a hard financial time by utilising another groups production.
Regardless of coal price, which has only recently recovered, and could quickly retract, we are a long way from producing coal at our"world class asset".
I would like an update on 'our' project and cash flow strategy....
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