55% DOWN in the last 6 months. My take on where to from here., page-13

As you said:

Revised guidance of 18,000 oz for the year, minus 4,400 oz already produced is = 13,600 oz that needs to be mined to hit the upper end of guidance.

I am hopeful (but not confident) they will come in around 15,000 oz (~10% over the 13,600 oz high end of the revised target).

I base this bullish target on the positivity of the language in the interview. The use of words like "very happy", "slightly ahead" and "out perform", and my personal assessment of what those words would translate to if I was using them.

Also stating that "by the end of the financial year we should be where we said we would be" gives me confidence they will hit the upper end of the revised target.

But then again, I am not the new CEO of a company that just raised ~$20m and had a lot of angry shareholders who needed assurance they won't run out of money again.

If AISC is ~$1600, and POG = ~$2300 they are making $700/oz (happy to be corrected here)

Bad Case: $700/oz X 10,000 oz = ~$7m profit for the quarter
Good Case: $700/oz X 13,000 oz = ~9m profit for the quarter
Best Case: $700/oz X 15,000 oz = 10.5m profit for the quarter

My only concern is AISCs may go up as fuel has gone up in the last 3 months.

Considering they had some money, they just raised, and production is back on track with hopefully a ~$7m+ profit for the quarter, I am not convinced another raise is happening anytime soon.

But what do I know? I am deep in the red at the moment.