Am I correct a large part of the A$4.3M was to purchase Cannon was provided by way of the US$5M convertible note (repayment by taking shares instead of cash). So my point is the AISC A$1873 include that financing for Cannon but all other mine development would have a lower AISC and higher profit.
Possibly adding a further A$8M to your A$25M = A$33M (trying to compare apples with pears).
Just my opinion.
HRZ Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
