Unless I'm wrong it doesn't seem like any capex was planned. Thankfully exploration costs have been fairly low of late. Management/ is a couple of mil I will concede that. I think if we go the result you were talking about though I'd be thrilled. It would signify a massive 180 in company direction. I think it will actually come in a bit under that although im hoping improved management makes a big difference. Certainly maca seems to have made a difference as well.
Lots of ifs but if gold continues up and we got anything close to the result you suggested (avg of 40k a quarter) then we'd be sitting pretty.
I also think there will be a lot more economic turmoil to come. Couple of big is hedge funds shorting the Chinese yuan. Good article I read this morning here: http://www.cnbc.com/2016/02/03/kyle-bass-china-banks-months-away-from-danger-territory.html
I feel a little bad trading on misery but at the end of the day people's greed and systemic corruption puts them in these situations.
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Unless I'm wrong it doesn't seem like any capex was planned....
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