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clock Created with Sketch. 24/04/24
11:29
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Originally posted by precis:
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I think this report is better than it is being given credit for. For starters we conserved cash despite $20 million Capex spend. Of course the tax refund paid for most of it but we are a quarter closer to Federation with $106 million cash still available. In addition we have $14 million of inventory for sale this quarter to add in, and great increases in copper and gold production expected for the quarter. So if you think about it, we will probably get to the end of this quarter with still over $100 million cash. I'm pretty sure if you'd been asked if we can get to the quarter when Federation begins without using any cash, every shareholder would say how awesome that would be. So roll on Federation and keep up the good work at Peak which has more or less paid for most of the development itself. Peak has so much more to offer and like I've said, at today's prices Federation has about $3 billion of reserves and if that's an 8 year LOM at the moment (extensions to add on) then we have revenue of $375 million p.a. just from Federation.
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the thing that urks me the frequency of unplanned maintenance and equipment failure with this company
(20min delay)