Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-2

While it's a good read, the main takeaway at this point is their liquidity situation.
The key is that the expenditure includes all the pre-production which will allow them to hopefully... start pouring gold very quickly.


A comfortable margin, albeit, that does not include the other expenditure on Blue Spec. My guess would be another $4m.
So basically CAI will have approx $18-20m when they hit first gold pour. I would almost prefer them to undertake a small forward sale of gold, perhaps 4k ($10m cash), to ensure there is no need to undertake any further capital raisings, especially when the MD has really put it out there that CAI is fully funded..............




Grade control is ongoing (so far no negatives have been mentioned), so all things being equal, the gold is there. The biggest hurdle, is can they replicate CMM..... gold production was basically cash flow positive within weeks of turning on the plant.

This implies first gold perhaps late April (hopefully borders are finally opened to alleviate the staffing issues).


Great they are hiring but.... will they be able to get enough staff....


Anyone see any red flags?