Ann: Iron Ridge reaches steady-state production, page-88

I do lean towards agreeing with you Rook, in terms of cashflow I’m not sure because we would be paying the contractors now and the mine operators have been going for about 4 months, and road operations for a similar time, although not at 100%.
This would create a cash flow crunch, but with 11mil in the bank beforehand we have the buffer to manage it.
It all comes down to when the cash hits the bank from the shipments. If it is very close to the date the ships leave, or at least a deposit, we will be cash flow positive. If not, not sure.
But nonetheless, we are making profit, and the cash on hand will reflect the profits eventually