I am the that said that Mt Catlin should be on C&M for months.
All I got back was how profitable Mt Catlin was...
A cash cow..if I remember correctly.
The fact is ....it is not.
Not much would be spent at SDV and James Bay.
Decision to be made in 2nd or 3rd quarter on SDV
No exploration at all.
This quarter is as good as it will get for 18 months....enjoy it.
I am basing my assumptions that figures were jiggled a bit last quarter.
I still dont think it was a true reflection of costs.
Maybe reciepts were added in the quarter that were sold in the previous quarter
Maybe contractor payments were rolled over to this quarter...
Maybe A40 shares at 8.2 cents were added in as cash.
Other miners state cash and listed investments.
I just dont think all was right.
Especially with $20million being chewed up in previous quarters
When the Spod price was over $1000 dmt
I am keen to see where cash is at this quarter.
Cheers
GXY Price at posting:
93.0¢ Sentiment: Sell Disclosure: Not Held
