Do you understand what you are saying? This is how I interpret it:
"If by the end of the year the company spends all the money they have plus all the money they earn then their cash will be exhausted"
This sentence could apply to every single company, it's not really saying anything.
The main capex upcoming is Walyering and Erregulla Deep.
W7 will cost <$15m to drill and test imo. This is based on W5 + W6 costing around $21m to drill and test.
ED will cost around $15m imo. This is based on SE2 + SE3 costing $55m to drill and test. So say $60m (loss of 2 drill efficiency) at ED, divide by 2 as there's only one drill, divide by 2 again as we only own 50%.
IMO could be way off.
What do you reckon?
Ann: 3Q FY24 Quarterly Report & Appendix 5B, page-132
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