RE: Freudian Slip26 Oct 2021 11:02
"While after tax profitability from Cobre continues to cover corporate overheads and provide a small surplus of circa $0.2m p.a., costs associated with moving forward both the Leigh Creek Copper and Redmoor Tin Tungsten projects result in reducing cash balances. With the Leigh Creek Copper Mine ("LCCM") expected to move into production, and generate revenue, next year, subject to finance, it is expected that this may not be the case in 2022."
I read that differently. I think it relates to the corporate overheads not being covered from the revenue at Cobre should LCCM not go into production. I may be wrong though