re: Ann: Second Quarter Activities and Cashfl...
Understate & OVER achieve, thats what Exco continues to do.
White Dam continues to exceed expectations........fantastic numbers being produced.
I was expecting the Quarterly to be a little boring, but it was a great read.
91,364oz/yr gross (68,523 net to Exco)at the current rate of production at White Dam.
That looks like more than $53mil/yr for Exco.
Maiden Cash Positive Quarter for Exco.
They are going to double stack the leach pad at White Dam, saving $2mil, great idea, as the recovery rates are so good.
I also noticed that Exco picked up another exploration tenement (as they did last Quarter), EMP18995, dont know where that is, maybe thats the one in figure 5 near Monakoff, listed as permit application, will check sometime.
Exco are looking to receive about $5mil a month from White Dam, thats $15mil a quarter. I see Exco recieved $19,071,000 this quarter, $4mil more than expected.
Wonder where that came from ?? We are not selling anything else are we?? The only thing I can think of is the arrangement with CopperChem, at the Great Australia Mine, maybe we are recieving some payments for that ?? Anyone else have any idea's.
MASSIVE CHRISTMAS PARTY THIS YEAR FOR EXCO !!! ------------------------------------------------ I always have a look at the cashflow statement, and take notice of the "estimated cash Outflows expected for the next quarter" & how they turn out when the next quarterly comes out. I found this interesting !!!
in ,000's Last quarter estimation/ this quarter final.
Exploration & Evaluation 2,150 this Qtr 2,894 over by $744,000 Development 1,875 this Qtr 709 under by $1.166 mil Production 6,500 this Qtr 5,542 under by $958,000 Administration 575 this Qtr 1,229 Over by $654,000
So we were under budget by $726,000, fine by me
Notice the Administration Costs though, $654,000 OVER the budgeted figure.
ecca keeps mentioning about "benders", the Exco Chrismas Party must have been a doosie this year, Hahahaha
Seriously though that must have been some sort of payments for lodging the EIS, EMP or Exploration Permit, something like that anyway.
cheers
EXS Price at posting:
54.0¢ Sentiment: LT Buy Disclosure: Held
