From the last quarterly:
" Strong Q1 2022 production of 10,874 ounces of gold met guidance
• Production guidance for Q2 2022 is 17,000 to 20,000 ounces of gold
• Full year 2022 production guidance maintained at 100,000 ounces of
gold, with annualised production rates in H2 2022 forecast to exceed
140,000 ounces of gold"
Q2 the June 30th this year Q at the forecast high of range at 20k ounces is a 1.84 times ist q production. Assuming production is offloaded fairly quickly cash inflow should be be increasing art a steady rate. Also Q3 should see a further substantial increase in production keeping even further enhancing cash inflow.
From Q1 report
" Cash and cash equivalents available of $102.09 million at 31 March,
2022"
We should be net cashflow positive early next year. Operating net cash outflows will progressively decrease as our production levels increase.
I am not concerned.
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