Anatol, I should go read the detail in the last major filing. I didn't see a teardown of cost in the quarterly.
On the cash flow I see $15M of capex per annum. What do you think the capex run rate will be for the next two years? The second post in this thread indicated they would be down to $45M cash end of the quarter, which would seem to indicate a serious ramping up of capex.
Your point that much of that capex is infrastructure is well taken. Do you have a breakdown of how much is well costs, and critically what the capex is going forward while they remain in exploration mode?
I'm trying to get a sense of how long the current cash is likely to fund exploration before another capital raise is needed. I'm figuring two years if they budget 2013 and 2014 at 2012 levels.
NSE Price at posting:
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