agm - any questions??, page-18

Don't see how you could get to only break-even this quarter.
They recovered 4,610 oz last quarter probably 1/2 of this in March alone.
Costs forecast at $10m for this quarter.
So they only need 6500 oz this quarter to break-even @$1600/oz
Should be closer to 8000oz this quarter. And bettter again each quarter following.
Only way only break-even could be forecast for this quarter if using a much lower gold price out of conservatism.

As for cost per oz, don't forget still only mining at 1/2 forecast steady state rate, so costs per oz coming down fast.