Another improvement to the SG&A ?The co lead investment manager just resigned. Was looking at the AUM of their funds :
Dundee Resource Class was around 6 millions with 2% management fee. CMP 2023 Resource Limited Partnership raised 10 million this year for flow through shares (less than the prior year). Say it generated also 2% in managment fee. We are looking at 300 000 year in fees to cover the salary af a vp and an analyst plus all the other costs. So, I would venture this improve their cost structure.
It might have had a sentimental value as it was started by Ned Goodman but obviously, flow through mining investments are less popular than before. So Jon keeps on making the tough decision.
GLTA