fml cash burn? cash bal. forecasts, cr in fut?, page-7

SH

As always CW can put in two words what takes me 20.
From memory Laverton first payment is 20 days after the start of milling(for 50% of gold poured to date)followed by one at the end of the run on the same basis and another twenty days later when reconciled with actuals at the mint.DYOR to confirm,

When the accounts and the statement of July production came out,not only did our accountant know what was produced to date,he had recieved part payment for Laverton $10m and at least 3 weeks worth of Coolgardie production,say $9m worth from there,if the gold was sold,of course and possibly an extra 2koz gold unsold still hot from the last weeks pour.

Regards FF