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Rox the 3m oz gold bet, page-31

  1. 10,075 Posts.
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    At last someone picked up on that (lol I did make a mistake).
    But good point round two. Venus are responsible for 30% of the development costs from the date Rox moved to 70% ownership of the OYG JV to be repaid from production.
    So from June 2020 1/3 can be deducted from the Rox cash burn as it is a loan to Venus.
    So Dec 2021 Quarterly expenditure is not $5m but around $3.3m.
 
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