Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6

Very good report. Particularly pleased with the cash position and only spending $10m this quarter. Leave them with $74m to finish the plant and begin/complete commissioning. The company has in the past also mentioned that with the support of suppliers they will be able to manage/smooth out the cash flow required to keep all stakeholders happy. Having zero debt is also a very very good position to be, with no covenants on their cash.

Though this is perhaps just as key... My expectation is that by the start of the Dec quarter, they have made a solid start on building up ore on the ROM pad, as a stockpile (bigger the better) is one of the KEY KEY KEY parameters for me in regards to how much risk there is during the ramp up. Lots of things can go wrong, but... the worst is not having enough ore for the plant.


Also received some further info on the heap leech.


and this hints at the main benefit of the heap leech, if they are already mining the area's that have the ore, and it can produce gold economically, then suddenly the economics of a lot of the resource, might be changed to further expand the reserves.



That is how I read it anyway.

Finally... did the company just give guidance to 2023? I would have sort of prefers 250k+ as the number, then... more wiggle room, but... the team know best. Very bold either way. I sincerely hope they can pull it off.