In the current quarter cash only decreased by $7.4 million - of this, $6.345 million spent on development.
In the last six months, cash has decreased by $36.77 million - of this, $21.689 million spent on development.
In my opinion this money being spent on development will likely be due to start up costs of K.
This proves that management is using their best endeavours to expedite K.
I have no problem with management spending money if it means that K will be up and running by November of next year.
It costs money to start up a mine and these costs seem to be above board in my opinion.
Ann: Quarterly Activities and Cashflow Report , page-7
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