Up to end of March they had produced 46,200 ounces at $2,306.
To hit lower end of guidance at say $2,050 I have them having to have produced 19,100 ounces at $1,430. If that is the case its been a killer quarter.
Would have notional cashflow at about A$38m - so either big spend on Federation or some unsold inventory?
Ann: FY24 Production and Cash Update, page-9
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