Down to $0.11m in cash at June 30 - Company generated zero cash is the Q and production was pretty modest, given no bad weather interruptions etc annualising out at 8koz (ex toll treating)
Forecast of 18koz in FY24 of which over 25% to come from toll treating so not equity ounces.
Its hard to believe this production forecast given historical underachievement and its based on mill running at full capacity - which never happens. It also does not appear to make any allowance for rain in March Q - fingers crossed that El Nino holds !
Cum another raise in my view
Ann: Noosa Mining Conference Presentation, page-3
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