Ann: Outstanding drill results from King of the Hills, page-14

According to the quarterly, they spent $27m on KOTH waste stripping, as part of their 'Growth' capital.

1)Is that likely to be an ongoing expense? They mentioned that they've entered a higher mineralisation zone in the open pit, which could mean less cost of waste stripping.

2) isn't that a normal part of the operations. Not 'Growth'??

They also mention that they've amended their debt repayment profile (hence the extra hedging). Maybe they've extended repayments to give themselves some breathing space?

Certainly sounds like they need better cash control though.