Ann: Extensive copper,lead,zinc anomaly, McArthur, page-5

re: Ann: Extensive copper,lead,zinc anomaly, ... Hi UM, you woke me up!

"hang on, I thought TNG was focused on Mt Peake?
what is going on, yet another change?"

Perhaps this is because cashflow is now looking much more solid and now looking closer to be $10m by December.
As we know, cashflow is King.
Ann report due soon and will prove this up IMO.
Emphasis was on Mt Peake as the key focus with minimal expenditure to prove up new discovery potential.
Notice that no new expenditure on Mt Hardy at this stage.
My take is that Mngt. is showing confidence re short to medium term prospects and are excited by this new prospect. They mention that this new discovery has been under study for a few months.
However, given that cash position looks much stronger, I question as to why we aren't seeing some increased expenditure on completing the DFS closer to the original plan date of Q4 2014, particularly if peer review is required?
I guess we need to factor in that the 90 day period to complete the review of conditions precedent for the sale of the zinc interests (adding $3m to cashflow) needs to be completed.
Roll on the financing deal on Mt Peake.
Cheers.
Jvest