Honesty, Ethics & Respect

A bit of review GJ;  the 2013 SPP dated 17/9/2013;
Section 1.1 the risks section (d) general operating risks associated with recommencement of production etc, etc...mine infrastructure & maintenance; let me re-iterate maintenance.

Budget for pit de-watering (maintenance) $2.4M (see pg 11); let me re-iterate pit de-watering budget $2.4M (maintenance); see also ASX image 8/10/2014 pg 3 in regards to the affects of the pit de-watering /maintenance program; there are also satellite images dated Jan 2015 posted on HC showing the affects of the open pit de-watering / maintenance program.  See also images Northern ramp & Eastern wall failures per ref Dr S 23/7/2015.

Tailings dam 10 budget (see pg 11) $4M; this is the new tailings dam which is supposed to be built in 2 years; quote "The company has identified a site for the new tailings dam and has commenced the process of land acquisition and permitting" (see pg 15).

Current cash position is $12M; based on image references above & progress on the new TSF10 dam one could assume the current cash position is bolstered to some extent IMO.