To be fair to ASM, they have consistently progressed Dubbo and the KMP since the spin off from Alkane, just very slowly and I think they have missed every milestone that we have ever been given.
There is a hell of a lot of upside from here, really, we should log out of HC and come back in 3 years, we would probably have the Dubbo mine completed and the KMP running at full capacity with both spitting out huge amounts of cash.
Short term, the SP will continue to drop and remain in the gutter!
We also need to be wary of our cash position, we nave $15m - $20m of loans due next year as well I believe, I'm too lazy to check.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8
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