How much cash hit the bank?Are these guys going to run out of...

How much cash hit the bank?

Are these guys going to run out of money?

Cash at January 1 = A$10M

Expenditure last quarter = A$15M

Increasing production ==> increasing cost, say $20M this quarter.

So to keep the wolves from the door they have to produce A$10M - A$15M worth of copper. I'll ignore gold for this calc.

Say they net 70% of the value of the copper in con

Copper price = U$3.88 / lb
XR = 1.52

So they need to sell

10,000,000 / 70% / 3.88 / 1.52 / 2204 - 15,000,000 / 70% / 3.88 / 1.52 / 2204 tonnes of copper

or 1100 - 1650 tonnes of copper

if mill recovery is 90% and ore grade is 1% then they need to treat

1100 / 90% / 1% - 1650 / 90% / 1%

120 - 180kt of ore this quarter.

Seems a close race to me.