My initial thoughts, are, the ramp up is going fairly well.Some...

My initial thoughts, are, the ramp up is going fairly well.
Some issues, but, all are clearly being dealt with.
The grades look good, which is somewhat surprising, as I thought they would have been using low grade ore initially.
Lots of ore on the ROM pad (600k).
Exploration, hmm... I guess its still early days.

Cash position, perhaps a little on the light side, but... only because they just secured a project very cheaply.

As I read it, they have about $22m in liquidity, and expect costs of approx $40m for the quarter (production, etc etc).
So.... that is not a huge amount wiggle room. Yes, they sold some gold early July, so, perhaps $25m liquidity.
To continue with approx $10m as a buffer, CMM are going to need to sell (not produce, more than that) around 11,700 ounces for the Sept Q.
That sounds achievable, though I think there is still risk of a small raising. Not that I think CMM cannot get one done quickly. I am sort of surprised they did not just raise the $20m to pay for the aquisition.

Anyway, still happy to hold, but, I would not be surprised if we saw a little weakness in the near term.