Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-12

0.39g/t = $37m receipts and $11.5m operating cashflow.
0.43g/t would thus equal about $41m receipts.
Or 0.48g/t = $45m

Costs should be almost the same except for royalties, so operating cashflow would jump to:

0.43 g/t = $15m
0.48 g/t = $18m
Like a 0.04-0.05g/t jump in grade = $3-4m jump in operating cashflow.

(That's from 1 plant. You'd hope for a bit more operational efficiency from 2 plants? Then multiply receipts by higher throughput.)




So grade sticking at 0.39g/t for so long was risky for our finances during start-up, but I'm feeling quite good about the coming quarters.