Ann: Interim Financial Report for the half-year e, page-6

re: Ann: Interim Financial Report for the hal...
ABU's expenses for the 6 months to December 31st 2012 were "$9,160,406", which equates to about $1.5m per month.

ABU cash holdings were "$14,105,303".

Not sure how you calculated a "cash burn of $4.5m per month?", Vendor.

At a spending rate of $1.5m per month, given that there is some extra income being derived from bank interest etc., ABU has enough funds to last about 10 months.

During these 10 months ABU will be setting up a trial mine from which significant funds should begin to flow, eventually reaching income of between $4m a month to $8m+ a month.

ABU will no doubt be tweaking their expenditures to assist in the funding of these processes, maybe drilling will be scaled back a bit, who knows?

But from whatever way you look at it, ABU is sitting very nicely, with mining soon to begin, and cash to come rolling in!

"There is very little discussion here in regards to risk or the possible downside of ABU - generally due to the "we hold so it cant go down" mind set."
Another interesting comment, Vendor.

We are holding based on facts, or "fundamentals!" Even if the POG does fall, ABU's margins are still high and a falling Aussie dollar will only further help the profits.

There is always risk, the whole stock market could crash tomorrow! But unless ABU's tenements get blown up by a nuclear bomb, ABU's risk to long term shareholders appears to be at the lower end of the scale.

I have good reason to believe, as Rusty02 also believes, that ABU will have jorc resources of 5m+ ounces of gold in the next 12 months or so! That is a seriously big, high grade, low cost resource, that will bring in plenty of cash!

And ..... as we keep stating ....., ABU is on the verge of near term production with yearly cash flows of $50m to $100m+. When this sort of money begins to flow, those of us holding ABU for the long term, firmly believe that the sp will go up significantly!

IMHO ABU's share price is way under valued, it is a bargain now, and will be an even bigger bargain if it does fall lower! I firmly believe that ABU has a good cash position, an excellent CEO and board, excellent tenements and it is doing everything right to bring value to shareholders, .... and in the near term!

Go ABU!