q report out, page-15

“Any public issues with the EIS need to be dealt with in February.”
Bruce its on Aboriginal land and they have already given their go ahead as reported today and previously.

“getting the mining licence
upgrading the plant to 100koz.”
Ajostu, it will be 150,000tpa not 100,000.

This is good for our early cash needs (bonds no longer requiring cash backing).
“The (ANZ) facility is now in place and the principal details of the facility are outlined in the ASX announcement dated 29 July 2013. Part of this facility is a bond facility and most of ABM’s bonds with government bodies now no longer require cash-backing.”

Overal, very positive that such a small trial mine can be cash flow positive with this low an anualised throughput rate.
Cash balance increased from $2.8m to $5.1mill. This will clearly be a high margin operation at commercial throughput rates even at currently depressed gold prices.
Next qtr will see outflows as most of the sales from trial mining are complete but if there are another 1000oz in cct to be recovered, that will provide another approx $1.4mill to partially offset next qtrs expenses and the cash balance is already looking healthy at 5.1mill with the ANZ facility as a back up.