All expenses for Sissingue
Up to the 31st of March
Have been capitalized for accounting purposes.
I take it that there will be no ounces added
From Siissingue in the quarterly.
So there is a chance we will have no idea
on the operations of the new mine
For another 3 months.
I also take it that whatever oz poured
Have gone towards the capital cost of
Developing the new mine.
So that leave Edikan operating at break even
Could even be worse this quarter.
Maybe less than 55k oz.
$13 million USD gone towards Sissingue
Probably $1.5 million USD in interest payments
Whatever has to be paid of the principal as well.
So it does look like $70 million USD debt
....less than $40 million AUD cash
Anyone expecting something positive
From the quarterly maybe bitterly disappionted.
Cheers
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All expenses for Sissingue Up to the 31st of March Have been...
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