Ann: Quarterly Activities and Cashflow Report, page-46

Hi Green,
I am looking at things from a pessimistic stance.
My expectations is they will produce around 28k. AISC around $1600.
Therefor, perhaps $8-9m in free cashflow. However... the next 2 quarters are likely to be the heaviest in regards to stripping.
So... I am basically going to prepare for them to cash flow neutral production wise... and take away all the debt and capex.
Does that make sense? Hope I am wrong, but... DCN is going to end the quarter with a greater net debt position. How much greater... that is the question.

Also, don't forget there will be a certain amount of cash that is actually not available to DCN due to the loan requirements (this is not usually shared to the market). Liquidity is very important.