Ann: Annual Report to shareholders-QBL.AX, page-35

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19/10/16

11:16

Post #: 19963592
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Originally posted by Bullsup ↑

2 airfares for 2 people from SYD (Bondi) to CNS = $800. Add in say 5 days accommodation = $1200. 4WD hire, insurance, damage waiver and petrol for 5 days = $700. Living away from home meal allowance for 5 days = say $500 (discounted for 2 people). Taxi to and from airport in Sydney = $140. Sundries (audio/visual hire, stationery, computer needs, Wi-Fi use, telephone calls etc etc etc = say, $660 = $4000.

If they also had to do trips to BNE for Dept mines, and also go to landholders, councils, environment, land titles, native title, Mourilyan port and other meetings and individual discussions relating to all their developments, that trip cost could be doubled at least with additional airfares and other costs. So 1 trip of 5 days may cost $8000. If they had to do 1 trip a month then 8000 x 12 months = $96,000 pa.

On that basis, if that's the sort of trips that they had to do to get all this finalised, then we are right in the ballpark IMO. Its costly work when you are right on the edge of finalising a multi-million $ mining development.

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Can't see it being anything like that myself. But hey, at least it's better than 2014 when they racked up $211,915! The must really like airline food...

http://hotcopper.com.au/threads/ann-annual-report-to-shareholders.2605215/#.WAa6Mrm7qUk

QBL Price at posting: 0.7¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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Ann: Annual Report to shareholders-QBL.AX, page-35

Top Stories

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

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Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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