Ann: Application for quotation of securities - CMM, page-5

And that caps off 2023 Still Australia's Best Goldie you say? According to me - you betcha !

With A$ gold spot closing at $3028 for 2023 our quarterly windfall on the call / put options equates to
(3028 - 2860) / 50 x 2.55
= $8.57m versus ~ $1m (Q1)
Coming into the quarter with a healthy 6800oz gold on hand, I am expecting a few records to be broken this upcoming quarterly.
I will notch out some numerical assumptions to demonstrate why I believe that to be true.

Presuming we achieved production of 30koz for Q2 @ AISC $1320oz
17koz has been sold @ $3028 (known)
The remaining 13koz has been sold at ? lets say $3070
plus 6500oz carried over 'bullion on hand' sold at ? lets say $3120

(17k x 3028) + (13k x 3070) + (6500 x 3120) =
51.476m + 39.91m + 20.28m =
$111.67m gross qtrly revenue or $3059 averaged per oz

From last quarterly -


If my numerical assumptions above are close to reality, then we are potentially looking at:
A 55.3% increase in revenue generated QoQ
A margin of 56.8% profit per oz produced (A$1739 profit per oz)
A cash build in the vicinity of $40-50m for the quarter (though capex is occurring - accom. buildings at MGGP) so perhaps $25-$35m

Regardless of the above presumptions - I'm looking forward to another year of getting behind this excellent company.