. Very creative accounting assessment with a presumption of 3.48...

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Very creative accounting assessment with a presumption of 3.48 (@ $3,209,000 per 1/4) quarters of coin left in the bank.
After safely burning through more than $9,000,000 for the 1/4 and now with $11,167,000 left in the bank one would be pretty much assured that this 1/4 will be above the $3,209M.
Granted drilling rigs will have departed before getting (wet season) isolated in, so associated costs will fall there.

But there is still the running of the plant for the current 1/4.
Product volume produced? well why would you need to know that seems to be the NTU attitude here, but unless they have some stashed away in Darwin atm ready for sale, I believe that the wet season will have any movements very limited atm.

My estimation is that the Tanami piggy bank will fall by ~$5.5-6.0M for the 1/4 taking the reserves down to just over $5,000,000, of course I am not calculating in for the possibility of some unknown sales of whatever it is that they are attempting to produce.


I guess it's just company nature not to shine the spotlight on the extremely disappointing unviable aspects of their operations, but I think most would now have cottoned on that the time has expired to just keep running this unviable venture on the sheer generosity of those that have kindly contributed, and then to continue on doing so.


An Unviable Business IS, An Unviable Business!!!
I look forward to the findings from the review of the company's strategy, and hopefully the three months stated is close to the mark.


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