Ann: Jeffreys Find Stage Two Sales Exceed 14,800 Ounces, page-7

Not bad aye.

Sold just under $18m and between them happy to distribute $6.6m EACH to the partners with more to come.$13.2m plus gst.
So around $4.5m OR LESS kept for accrued costs.
That's around 75% of current sales distributed to both partners as a PROFIT distribution.
Most costs to date including mining and trucking of ore to mills should be already reconciled and paid out as and when owed.
That to me means an even greater percentage of what CASH comes in from now on will be free to distribute given 3 Mile Mill is still with gold to sell and then still with reconciliation and clean -up to provide even more,even with milling already complete and with them already knowing the milling costs as per whatever contract they have for the tons milled.
They simply just don't have all the Gold coming from that 3 Mile Mill run yet,but bet have allowed for the full Milling bill.
So to me the final costs outstanding now to be deducted from future income could just be Greenfields milling costs that haven't already been paid.

IMHO - A nice big LUMPY CASH BUMP at the end coming.I am guessing at more than the last 75% profit distribution of whatever they get for the next Gold sold.

DYOR + DYODD $3.5m cash at Nov presentation + $6.6m now less $100k deposit on Burbanks mill = $10m cash in the bank less a few usual expenses with more cash due.
Another 5 koz or more to go and possibly a bigger payout than 75% or 37.5% for our half i.e. $1500+ /0z to come ?????
Munda is singing loudly at this point with maximum allowable/usual permit processing timing ticking away nicely.
So maybe $10m plus left for Munda after a $4.4m mill purchase with still another 30kt? of Jeffries Find ore to be processed later in the year for at a guess another 1800 oz.
I wonder -- It might be that running that old mill with a quick tickle to get it operational,even at it's existing low production rate is still cheaper than current contract milling ????
That is to me the current Auric "make it pay for itself as you go and it grows cash" Snowball style I like and wouldn't surprise me one little bit as it also likely will pay for its own incremental expansion.