Ann: June 2021 Quarterly Report, page-15

Lol......everyones focus on the cash build???? Why? The decline and all the exploration expenses will be capitalised and form part of the companies assets. To liberate the gold that is obviously around the C0-O site Medusa had two options - an open cut mine or a decline. There has been a lot of discussion around reserves and resources - quite obviously Medusa will be far better placed to drill at depth - and asic will presumably fall with the efficiency of the decline.. The company is using its cash to expand (building a robust company in the process) with it appears money left over to perhaps pay a dividend. At the end of the day for every 1c dividend it will cost the company just over $2m Aus dollars. DYOR