Catch2020 answer is correct 261k there seems to be mysterious ongoing production costs of 332k which have never been explained what these are. It's pretty messy accounting as the net proceeds they receive already include operating expense and capital expenditure so what exactly are these production costs. These look to be pretty consistent charge as the previous quarter had even mentioned these production costs were not reported in accounting and adjusted by the sales receipt amount. So looks like in the end SGC makes around 250k a quarter from these assets which is a far cry from 2-3million a year others were spruiking 6 months ago
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- Ann: September 2021 Quarterly Activities and Cash Flow Report
Ann: September 2021 Quarterly Activities and Cash Flow Report, page-37
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