Ann: Facility Amendments Executed with Senior Lenders, page-35

TCF, define what you mean by commercial production?

What they’ve told us is they produced 780 tonnes in the December quarter (260 tonnes a month), and are targeting 60,000 tonnes run rate (5,000 tonnes a month) by June.

in its simplest form, if you straight line those numbers you get:
Dec: 260tns/month
Jan: 1050tns/month
Feb: 1840tns/month
Mar: 2630tns/month
Apr: 3420tns/month
May: 4210tns/month
Jun: 5,000tns/month

There is no expectation they’ll be pumping out 7-8,000 tons a month at the moment. All we can hope for is steady improvements in production in line with the ramp up.

They have often put out “Operations Updates” at the end of each month between Quarterly’s, so hope there is one coming in the next few days which will tells us where we are at the moment.