SPX Cash at end quarter $8613 mill expected expenditure next quarter -$2380 mill = $6233 m
VMC cash at end quarter $1605 mill expected expenditure next quarter +$1650 mill = $3255 m
(proceeds from Yalgoo iron ore sale = $2250 mill)
Anyone suggesting VMC will run out of money appear to have been wrong. And that's not accounting for the oppies that "could" be exercised and come into play with a good announcement around all the drilling taking place....
Ann: Quarterly Activities and Cash Flow Report, page-2
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