this is an unarguably positive report .
Net Operating cash flows for the quarter of $7.2m and EBITDA of $5.7million and forecast ( profitable) production of 40,000 ozs in FY 2016.
as I expected the earlier reported slip in the Eastern wall has been downgraded to a "significant material movement" whilst mining activity exceeded the expectations built into the block model.
There are numerous encouraging pointers to a substantial and profitable operation in prospect with the trauma of "the slip" now behind it.
Ann: Quarterly activities report, page-2
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