Ann: Investor Presentation - Corporate Update, page-10

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23/08/19

16:07

Post #: 40123280
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Originally posted by Loophole1: ↑

Hi Mongoose, thanks I see it there’s $5.4m in development R&D and exploration and evaluation and one would expect these costs to eventually yield results and not to be continuously ongoing if they didn’t, take these from the $7.9m should they stop exploration and R&D you get roughly $9m year burn.
I can’t see these costs continuing without starting to yield income or value back to company once complete and don’t think they will run for four years or more on the one project without creating value back, so looking at only cash out and assuming no cash in yes your correct 4 to 5 yrs to burn through the money.
I think we shall see results from exploration and R&D long before then from the projects they are spending this cash on, however if they do it’s likely new R&D and new exploration will replace them.
So it may well be a rough ongoing cost per quarter but only if it yields results.
Not sure you can look at only one side of the equation and assume it produces no cash or value and runs for 4 to 5 yrs on same project at same cost, I certainly hope not and that the drilling and exploration being done at Mt Edward will produce massive nickel find and value from same soon, Loop.

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Hi Loop, what I liked was we have a staff of 20, excluding overseas. That means 15 chiefs and 5 Indians probably including a tea lady

NMT Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
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