well there you go, pretty conservative with the projected output from Wattle Dam in my view given the performance in the past qtr but thats ok. 80,000 oz production this year at less than $500 an oz is lots of cash flow. the first two months must be ahead of the trend because on August 16 the company had $62m cash, then they paid a $14.5m return to shareholders reducing cash to $47.5 and three weeks later on September 2 they have $55m cash and gold on hand so up $7.5m in three weeks. $2.5m free cash a week is good cash flow, plenty already on hand to start up Mt Magnet if they decided to go for it next week. gold plated investment indeed.
Ann: Investor Presentation September 2010 , page-2
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