Ann: Quarterly Cashflow Report , page-3

You asked a question, I answered it. They had a raft of operational issues during that time that meant they struggled to turn a profit, but the majority of issues related to poor planning and execution at a significantly lower gold price than now. The hidden bit was the liabilities on the books at the point of Shandong investment. This required around $60m of the injected funds to clear out from memory. It was a lesson in poor management. Well, well aware of the history here.

Whilst costs have increased considerably as well, with a clear development runway they should be sustainably cashflow positive after 9-12 months of production. The PFS clearly outlined their projections, of course noting the crusher issues observed of late - but conversely the vastly different gold price compared to the modelling.