CGT cash at 31-12-2011 was $16.3 mil. They now have cash of $12.8 mil. Cash $3.5 mil lower than 3 months ago, but they only sold 3701 ounces but mined 4610 oz- difference 909 oz. 909 oz at A$1613/oz = $1.46 mil.
It seems to me that CGT burnt $2.0 mil of cash this past 3 months. Results have to improves soon.
Am I missing something?
Ann: Gold Project Update , page-10
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