GNX 2.38% 21.5¢ genex power limited

Expenses, page-8

  1. 1,993 Posts.
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    Yes I'd agree with $8-10 million.

    In the last 4C, estimated cash outflows for first quarter 2018 included $200K for R&D, $519K for staff costs, and $300K for Administration and Corporate costs. That is around 4 million dollars for the year if it continues at that rate for the rest of the year. Much of this expense is likely related to development of Kidston Stage 2 rather than operation of Kidston Stage 1.

    On the plus side, GENEX is not likely to be paying taxes any time soon:

    http://www.aspecthuntley.com.au/asxdata/20161004/pdf/01785834.pdf
 
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