Another payment of 450-500k should come through to the company later this week.
On my understanding, EXG management expect Paddington Mill to be able to process at least 190,000 tonnes of their ore PER QUARTER. The increased throughput may continue for some time after this quarter, you never know. As the MD has said, as a result a considerable amount of cash is expected to come into the company coffers over the next 3-6 months. Ticking all of the boxes fellow holders.
Management team are to be commended at this point, IMHO.
DYOR
Biggles
EXG Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held