ETM energy transition minerals ltd

Why Cridical Medals is Collapsing..?, page-467

  1. nro
    11,032 Posts.
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    Okay thank you for deciphering that I think I understand what you're trying to say now . You're saying that in 2000 the company had spent $50 million correct ? What I don't understand is the company said it was spending 50 million in 2018 too wasn't it? I think it was the same figure in 2017 as well perhaps I could be wrong so there was no money spent over those three years perhaps? That would be about 12 million that hasn't been added to the total yet right so why do you keep saying it's only 50 million ?

    Also you've admitted that there is at least a $4 million spend per annum in order to maintain an Exploration licence. I understand there is also fees that must be paid when this licence is increased to the exploitation. That would have been from 2020 to 2025 . So here we have a further five years worth of costs and fees not only for the company but also of course to be paid to the Greenland government . But again you're quoting 50 million and these 5 years for some reason haven't been Added . In fact how long has this been going on for where 50 million gets quoted but we can clearly see that it shouldn be substantially more But for some reason you are continually overlooking it . Because if you were doing that you would be misleading investors . I hope that I'm wrong here It's certainly a bit confusing as you can see and so I might just have overlooked something . So you could explain why you're doing this And seemingly not adding costs to this total ?
 
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