Actually they are operationally net cash flow positive earlier than my modelling suggested. I thought this would only occur by the end of the year. So the royalties appear to have been factored into their cost estimates as I think SJ suggested at one point. Agree though that I would have liked to see some details like tonnes mined and sold, prices, road upgrades completed, etc.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-15
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