Expected admin costs of $450K from estimated costs of $5.65M...

Expected admin costs of $450K from estimated costs of $5.65M seems inline with most small mining companies...

However Q1 admin costs were $290K and Q2 were $722K. Maybe they paid consultants a lot to help them sortout the mine in Q2 and they are still there....

Hi Bill,

You shouldn't base your opinion on the cash payments. They could have incurred more expenses which they did not pay in the quarter resulting in an increase in creditors which they will have to pay subsequently.

ASX should really drill into these guys more as the preceding price query was not satisfactorily answered and these quarterly reports are sending the alarm bells ringing.