Those tables in the MIA confirmation report show estimated...

Those tables in the MIA confirmation report show estimated expenditure rather than actual expenditure. I thought perhaps that there may have been some large capital expenditure that I might have missed subsequent to the annual report but the latest quarterly cash flow statement shows only an additional $0.5M for PP&E and Mine Development Expenditure. So whilst some work has been undertaken to date it's around 2.5% of the total estimate. In my previous calculation I failed to take into account the $14.9M that the company has in cash deposits, which reduces the gap to around $36M.

Out of interest, in terms of project development, does the granting of the MIA mean that all regulatory approvals are now met? I have attached the most recent Project Schedule that I could find which showed that from completion of funding and regulatory approvals there should be around 16 months until first gold production.