They had a running start having drilled and loaded two stopes during April wash out ready to fire soon as operations resumed to normal beginning of May. Pro-rata the two shipments for the quarter should be 3 at least, call it 3.5 with stocks building to be generous. Qtr Cashflow below, so $20M revenue = $10M per 5kt shipment, so 3 shipments per Qtr = ~$30M and 3.5 = $35M if we pro-rata production. Not great with ~$40M going out in operating activities, and $19M cash on hand (excluding Acc Payables invoices outstanding 30th June) when the quarter went backwards $19M cash despite one assumes lower costs with the plant and mine on C&M one third of the time (no fuel, power, reagents, etc).
Need grade to lift so revenue can lift and expenses to fall hopefully.
GLTAH
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