Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-12

The acid test will be the cash position at the end of the March 1/4.

Worst case scenario is 32,000 ozs produced at an AISC of $2400 (low end guidance). 22,000 ozs earmarked for the hedge leaves 10,000 ozs for spot. $600 x 10,000 = $6M for debt repayments. ($6M shortfall)

Since the cutback of the pit is delayed (why?) a lot will depend on how good the ore from Blue Bar actually is. Unless there is some compensatory good news in coming weeks the sentiment is going to remain in the toilet.