So in summary,
* Waiting on drilling results from Mahefedok (announced mid Oct 2016, due in 3 months..so about mid Jan 2017...so any time now).
* Production will be down this quarter due to plant upgrades (400 tons avg...which is 1600 tons/year). Current production likely not of high quality yet. Production thus far only $0.118 mil in receipts for last 6 months ending 2016. Any timeline on this?
* Expecting $1 million from LionGold which hasn't appeared yet. Chasing that up.
* Renegotiated deal with Stratmin on favourable terms to significantly reduce future debt requires some immediate payments ($1.185 mil by 17th March 2017).
* $4.3 mil in the bank start of 2017, $3.4 mil needed this quarter this includes the Stratmin payments. Without those stratmin payment and drilling, it looks like a $1 mil operation thus far per quarter. So pretty sustainable. Plant upgrade costs?
Did I miss anything?
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