Ann: Quarterly Activities Report, page-10

spec101, where do you see that burning money pit?

From p.2 of the Q (numbers Q specific):

$47M cash.
62,370 ozs. at AISC of $1,234.
63,834 ozs. sold at $1640 oz.
(50% of 4379 ozs. not in the figures.)
Profit of $406/oz.
Profit on all of them, $406 x 63,834 ozs. is $25,916,604.

$47M cash + $25,916,607 = $72,916,604.
Now, 1) is the $26M included in the $47M? (I think it is, need to re-read, but busy.)

Using only the $47M cash, with another ~$26M from this Q; where is the capex being spent at the rate that a cr is in the cards?

Thanks.

OV

OV