Noticed in the quarterly activity report, the estimated outflows for the next quarter has me scratching my head a little.
Exploration & evaluation $2,000,000.
Development nil.
Production nil.
Staff costs $500,000.
Admin & corporate $200,000.
Total $2,700,000.
Why would there be no development estimations for the next qtr in the development line?
With only $2.41 million of the loan drawn down, and a balance of $14.46 million to be drawn from, l find this a little bizarre.
There would be more work required in development of the infrastructure of this mine.
Am l reading this wrong?
Noticed in the quarterly activity report, the estimated outflows...
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