Ann: Quarterly Activities Report & Appendix 5B - 31 March 2023, page-7

Think you might be barking up the wrong tree, regarding the options that XAM can choose post PFS. Most likely will be Sell 25% for US$25M (even XAM past preso details that option in depth), given its the most conservative route. And most importantly, it would mean no further CR to get Kharmagtai churning out that sweet gold-rich copper con, which smelters will be lining up to their doorstep to get their fill for future contracts.

can't think of any other explorer/developers who have mananged to scrape together such a rip snorter route to cashflow!!!!

as for corp o/h going forward, hard to determine from this quarterly since cash received from Zijin so, so late in qtr. Next qtr will provide the real insight into the go forward corp o/h, and then it will be correct time to past judgement regarding its chunkiness or leanness

with sweet f$%& all being spent on Red Mountain, would think the corp o/h are pretty tight. Suspect spend on Ted Mountain is the bare minimum, whatever it takes to keep holding onto the ground.