Hi Bobthebuilder3r,
Yes it does say that - good point & I think you are right that the cash position may not increase by much during this quarter.
It's the first year of operations & CIA only completed production ramp-up 4 weeks ago.
There are extra outgoings in the first year, with a big one being 'Initial Capital Expenses'
Refer to the Ausenco technical report from July 2017 - Summary cash flow statement - Page 22-5 (scroll way down)
https://www.sedar.com/GetFile.do?la...ssuerType=03&projectNo=02597268&docId=4156330
Revenue & some costs will be higher than the amounts in the report as the iron ore price & thus revenue is higher than forecast in the report but you will see that after-tax cash flow increases dramatically in the 2nd year & continues for the life of mine (LOM).
Hope this helps.
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Hi Bobthebuilder3r, Yes it does say that - good point & I think...
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