SVY 8.33% 2.6¢ stavely minerals limited

Ann: Quarterly Cashflow Report, page-8

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  1. 79 Posts.
    lightbulb Created with Sketch. 35
    Something of interest in the cash flow report.
    1.2 (a) $1.7m spent on drilling in Qtr 4 last year and about the same for qtr 3 last year.

    but estimated cash flow for this current qtr is only $0.6m. ...........1/3 of the previous Qtr's.

    This equates to one drill rig operating.

    ======================================
    Hole 44 started on the 15 or 16th, which is about 15 days drilling at 40m/day.=600m best case.
    They may have lost a few days in the extreme heat, so hopefully the hole is between 500 to 600m depth.

    Hopefully news soon.

    DYOR

    https://hotcopper.com.au/data/attachments/1424/1424369-0010d1619ca9037f2e18402272226b0d.jpg

    https://hotcopper.com.au/data/attachments/1424/1424373-94d3b03749a7a2ee53937ef42757ee96.jpg

 
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