CYM 0.00% 3.3¢ cyprium metals limited

Looking just at the cashflow report it does appear that the way...

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    Looking just at the cashflow report it does appear that the way it is reported that admin/overhead is high, however when read with the activities report there is better clarification. There is so many streams of work happening simultaneously, which is a great thing.

    Financial Commentary
    The cash flow report (Appendix 5B) for the September 2021 quarter provides an overview of
    Cyprium’s financial activities. Cyprium closed the quarter with cash at bank of $40.0 million.
    The Nifty copper project site incurred $8.7 million expenditure during the September 2021 quarter,
    including personnel, RC, diamond and sonic drilling, technical and base line studies, surveys,
    metallurgical testwork, engineering, camp refurbishment, maintenance and administration activities.
    Exploration expenditure for the September 2021 quarter was $1.1 million, including geological
    analysis and fieldwork. There was also $0.6 million of expenditure spent on corporate administrative
    and personnel costs, including $30,000 paid for Directors fees
    (refer to item 6.1 of appendix 5B).

 
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