Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-46

In the June quarterly last year they did production of 16,000, now with the new deeper higher grade from the open pit and the higher grade from the JV, I would think they would get considerably more than the 16,000ozs and IMO might get or come close to the 20,000ozs, if not this coming quarter, definitely the following quarter.
IMO 25,000ozs per quarter is also very achievable at full production this year, with the added higher grade from the JV and the higher grade from the pit.
I’m very bullish on the price of gold this year and CAI will greatly benefit if they can get quarterly production to 25,000ozs as less than half will be hedged with the rest based on the spot price.
Time will tell. Good luck to all holders.