Final carats tally comp., page-364

Actually I think you might be a bit light on this quarter spend..they did seem to need all the Arena money , some $8.5M , it will be interesting to see how much they have spent . Hopefully spent a bit on stock piling for wet season.
With the increase in spend , I am still incline to think that the auction will return in excess of US$100 per carat. The talk about spending on optical sorters , upgrade to plant including the procurement of a new 300tph jig plant, ramp up exploration program indicates the BOD expect to have cash , and a considerable amount to spend post auction.
I hope they do....