Blue spec Capex has probably gone from 28 million to 40 - 45 million. Due in H1 next year.
Next 3.5 quarters cash outflow 40 million Blue Spec, debt repayments maybe 17 million, exploration 8 million equals 65 million.
Cashflow assuming 900 margins AIC 1600 gold 2500. 22500 X 3.5 X 900 is 70 million in cashflow.
Doesnt leave much room for error so I can understand why they raised cash. Sitting on about 20 million at the moment but that is about the minimum you want to have as a producer.
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