Originally posted by Theabyss
Cash at bank at the end of the quarter was $12.7 million; a decrease of $4.7m. This was after investing $2.4 million in mine development, (primarily the Far West underground mine), $1.7 million in exploration activities and the payment of $4.0 million in mineral and net smelter royalty obligations accrued from FY18 sales.
Costs going down, production increasing. Naysayers can say what they will. I like the revenue trajectories and and exploration targets.
Naysayers? lol
Fact of the matter is that cash in the bank has been continuously reducing for last 4 quarters. no wonder the sp is in decline.
you can produce the entire zinc in the world , but if your cash balance continuously goes backwards it is a failure not a success.
