I understood 12.8mill was a write-down of development cost ......

I understood 12.8mill was a write-down of development cost ...

(Impairment is the opposite of appreciation, that is, the reduction in quality, strength, amount, or value of an asset. "Impairment charges" means that a company reduces or "writes down" the value of the assets on its books.)

https://www.caseyresearch.com/articles/write-downs-death-sentence-or-opportunity

2mill in cash ...they better get the gold production upto nameplate production quick smart
and if they keep to planned AISC 30koz we could be looking at- $21mill EBIT .(tax credits going equal a very fast growing cash balance least for the first year )

Looking forward to the sept Qtr