JQ his usual calm and collected self on the conference call. A lot to like here:
Bullion and cash on hand USD$156 million
Debt USD$100 million ($30 million less than last quarter)
USD$56 million positive cash position (after accounting for debt)
Costs up a bit
By end of 2021 calendar year forecast to produce 416k-446k ounces
Still on track to deliver over 500k ounces FY2022
Only a few drilling results released, but JQ says much more to come
Exploration licence finally granted for Fimbiasso deposit
If gold can hold above USD$1800 (in face of rising USD) then PRU should do well into end of year. When you're cash positive after debt, everything to come is gravy. GLTAH.
Ann: June Quarter Report, page-6
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