I think you've overstated a bit there:
24,000 oz @ $2650 per oz, less $1250 cash cost would give $33.6m gross proft, you need to take sustaining cost out of that maybe $100 oz (brings it to $31m), as well as tax at 30% brings it to $21m net. Any royalties to be paid?! You can call it even on the debt coverage, only the debt repayment horizon is about 4-5 months away, so cash reserves will be eroded.
Ann: Initial Depth Extension Drilling at Mt Boppy pit, page-61
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