Twitter and OGX Related Media, page-441

I will reiterate.

The company in the March Appendix 5b form forecast a spend of $1.34 million on mine production.

With this level of mine production costs, at an AISC of $500/oz, the mine can only produce a maximum sales revenue of $3 million at a gold price of $1,650/oz.

Outside of the production costs of $1.34 million the same Appendix 5b is forecasting additional expenses of $1.542 million on mine development, exploration, staff costs and administration.

So even in the highly unlikely event (impossible event IMO) that our esteemed friend is right about his $500/oz AISC estimate the company can only make, at absolute maximum, $1.458 million in free cash flow this quarter by their own estimates. If the AISC is higher, more like $1,000/oz, then the free cash flow becomes negative. Negative $42,000 in fact. Anything over about $1,000/oz and the company starts losing money over the quarter based on the numbers in its own March Appendix 5b.

Maybe people should pay less attention to tweets and more attention to the statutory cash flow reports that come as a requirement of stock exchange listing. Esh