Our cash position at the start of production back in 2017 was $15.5 m as of last Quarter it was $12.6 M with approx $3-4 m of stockpiled material and an unknown amount of receivables if any.
In very basic terms we have been going through and still continuing the ramp up process, during some very low prices while developing a second mine, so have more or less treaded water. However prices are rising again , production on the increase, costs on the decrease and the bulk of development costs with Far West behind us after this quarter.
In Summary the cash position should start to track back up providing the ZINC etc in A$ stay the same as now or increase....
Cheers Whisky
Our cash position at the start of production back in 2017 was...
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