No doubt they'll burn a bit more cash next quarter with the final round of toll treating. After that, with increasing higher grade production, they should be cashflow positive.
I presume they were using that low grade stockpiled ore due to the high gold price? If the gold price drops they can forget about that stuff for a while & use the higher grade stuff they're pulling out of the ground. All my assumptions of course.
Still, a bit dissapointing that we have to wait another couple of quarters before real progress is shown.
Ann: Quarterly Cashflow Report , page-19
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