Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-37

The waterfall chart on p9 of the presentation is helpful here if you don't have time to read the entire report. Their current cash position does not include the amount they will receive for the 10% sale of BME but your figures have the wrong currencies. They will receive A$13M (US$8.5) of which A$10.7M (US$7M) will be immediately used to pay down the Taurus debt. So when all is said and done it'll only bump their cash balance up by A$2.3M. Better than a poke in the eye but not much in the scheme of things. They will then have the original A$9.1M (US$6M) of the Taurus debt due by 30 September to pay as well. Looking at this report unless they get some of those saleable stocks to port ASAP, I think they're going to have to get cash external to the business. The royalties especially are killing them, as well as the sting in the tail of closing/pausing Bluff/Broadmeadow.