Those tables in the MIA confirmation report show estimated expenditure rather than actual expenditure. I thought perhaps that there may have been some large capital expenditure that I might have missed subsequent to the annual report but the latest quarterly cash flow statement shows only an additional $0.5M for PP&E and Mine Development Expenditure. So whilst some work has been undertaken to date it's around 2.5% of the total estimate. In my previous calculation I failed to take into account the $14.9M that the company has in cash deposits, which reduces the gap to around $36M.
Out of interest, in terms of project development, does the granting of the MIA mean that all regulatory approvals are now met? I have attached the most recent Project Schedule that I could find which showed that from completion of funding and regulatory approvals there should be around 16 months until first gold production.
News: EMR Emerald Resources Says Mineral Investment Agreement Approved For Okvau Gold Project, page-75
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EMR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.00 |
Change
0.100(2.56%) |
Mkt cap ! $2.624B | |||
| Open | High | Low | Value | Volume |
| $4.02 | $4.02 | $3.92 | $9.884M | 2.478M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1132 | $3.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.00 | 74725 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| EMR (ASX) Chart |