ELE 0.00% 0.5¢ elmore ltd

Not sure you're quite right. after you factor the $2.3m they are...

  1. 394 Posts.
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    Not sure you're quite right. after you factor the $2.3m they are expected to pay this quarter (which has historically been overstated in preceding quarters), you are left with around $1.5m. We are also, commencing deliveries to BMM and JSW, so one would expect possibly close to $.5m in cash this quarter, plus any other cash coming in from the previous quarter. We also have cash coming back in the form of cost recovery from legal costs. So in total we should have a cash balance anywhere between $2-2.5mil minimum. Hopefully, there is some Minera cash coming in as well that will bump this range a little uo.

    Problem is, we don't have any idea on what the plant will actually cost and what the payment arrangement will be. I.e. would it be paid in installments for example?
 
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