The naysayers for GXY have for the last 6 months been banging on about cash burn. Where did the $280m USD go from the POSCO sale??
Well we know over $70m went in taxes and transaction costs. Some went towards Mt.C capex.
But this pic shows really where alot of the capex (abt $20m a QTR) has been going.
This is no small feat. This is at high altitude. An unforgiving environment at times.
We are getting there and i congratulate Simon and his Team for getting on with the job, i have to admit i was a pond doubter but they are delivering now.
Well done
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