The numbers in the report make sense to me as per Loki01, when I asked Steve at the AGM I recall mining was around 2/3. When mining is complete the C1 will still contain the processing AND accounting allocation for mining BUT the cash outflow will = revenue - (processing & admin).
Granted the stockpile grade will drop revenue after a while but the cash outlay will be small.
Kanmantoo mine/stockpile + hydro or UG + Kanappa + exploration = dividend - growth cash = ????
Not a bad turnaround from the 3c near death raising!
The numbers in the report make sense to me as per Loki01, when I...
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