Ann: Activity Report for Quarter Ended 31 December 2016, page-2

My take is the Qtrly. met or bettered expectations. I would expect the coming months (at least while fine weather prevails) to continue in the same vein.  Copper price has risen significantly from prices achieved for most of this report so expect revenues to rise going forward (provided Cu price holds or continues to escalate).
The delay in sealing the Emeco / Andy's deal is proving costly and will hopefully be resolved asap.
cash is going to be very tight indeed - can we make it ?? -  If we can, costs should begin to drop significantly (currently the biggest issue) as stripping ratios become more favorable and ore grades more attractive (clearly beginning to happen now)
Whilst the request for option holders to exercise may have had tones of desperation it is probably a sure fire way to shore up the company at this crucial time.
The captain of this ship is hugging the wheel,  navigating perilous icebergs and inching closer to the promised land.   ( sorry ! )

GLTAH