Thanks. I always thought Working Capital is all the inventories, and cash buffer all businesses need to comfortably stay liquid and pay bills etc. I never read it as a 'provision' in the sense of contingency, just that you have to provide for working capital (as the name says).
We won't be able to reconcile the final costs until it's over by the SFX are reporting. G1A did a good job of providing a detailed summary of their Abra mine JV, broken down into categories, actual vs plan. The quarterlies also showed expenditure and cash on hand, acc payable etc to track expenditure... really well done in terms of shareholder clarity.
Ann: Thunderbird Construction Over 75% Complete, page-31
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