Dear sepculator101,
All of the above! They'll be hefty legal fees incurred re WA litigation; one would think Sprott repayment totalling USD$5-10M; drilling costs...(from memory corporate taxes are paid in the 1st quarter)
At 30 June last year the company had $58.8M cash and bullion, with a USD$740-810oz AISC. This year there's $90M cash and bullion with a USD$740-810oz AISC. Cash build of about $8M a quarter.
The quarterly USD average gold price received of $1,973 is tremendous. This half year coming up is very important to setup next year's plans. Hopefully the long case in the WA Supreme Court before Justice Solomon will be fully determined, and the continued drilling will start to really firm up further drilling and company development.
GLTAH
Dear sepculator101,All of the above! They'll be hefty legal fees...
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