Ann: Quarterly Cashflow Report-AVB.AX, page-35

You're probably right and that makes sense. I'm still trying to get my head around the Cashflow reports.

What surprises me somewhat is why there isn't a revenue forecast for the rest of the financial year now that AVB is mining. Probably need to finalise the offtakes first and a more accurate forecast by the end of Q2.

At the end of December 2015 we had AUS$43.4 million. Now we have US$20.3 million a the end of Q1.

If a US$1.00 = AUS$0.75 then have we now only AUS$15.2 million in the bank?