Have a Ganda at the Gravity plant running at full spec?, page-36

Will require above your estimate imo to be able to fund exploration going forward and gold
royalty debt commitments

G'DAY -Q-Based on the above very conservative numbers
If we just use an average grade recovered of 12g p/t x 20t per hr ( gravity plant ) x 11 hours running per day
(12 hr shift 2x 6 hrs ) =2,640 grams- 84.88 OZ per day at 20 Day's per month =1,697 oz per month.
That's an allowance of approx. 10 day's RDO's for production guy's & allows plenty of time for maintenance
to occur.

Then you have the bonus of high grade through HM-3 -likely from Mestre Zone call this very high grade
material 31 g p/t or one OZ per tonne at only one tonne per hr through-put ultra conservative probably
only 0.7 of a cubic mt per tonne per hr.
That's another 11 OZ per day x 20 days-220 oz
Total being 1,897 OZ per month-imo conservative & without allowing for HM-4 running tailings .

So Q-then 1,897 OZ X AU price of Gold per OZ X $1,700 = $3,224,900 au
Projected outgoings this current quarter $2,800,000au or thereabouts.
Hence that would make the operation cash flow positive.

NOTE: Calculations are very conservative imo.

See HM-3 only based on one tonne per hr through-put.

No allowance made for any tailings being processed.

Not bad for early day's production just out of commissioning
As said conservative calculations appear good.
imo-gltah
salt