"Best we can hope for isSept qtr profit"Based on the information...

"Best we can hope for isSept qtr profit"

Based on the information released by the company. I cannot see how Saloro could get close to posting an operational profit this quarter. Scootm talked up the $1m increase in revenues and $1m drop in production costs, Gtc61 add that revenue was also “impacted by slow payments”. But as per the Quarterly “The most significant effect on cash receipts was earlier cash receipts from Saloro customers” and production costs were down because “A$1mreduction at Saloro due in part to slower payments”.

As for Kevin's forecasting, I challenge anyone to show where he has ever got even close to a production or financial forecast.

Remember they said last year after installing the first XRT sorter that production was at 140 - 160 t per month. But then the Quarterly later showed that they were only doing 111. Then after the second sorter was installed they said they were add 26% more material to the gravity plant, Scootm calculated that it would add a 1t per day. But again the Quarterly showed they only added less than .3t per day to 119t per month. Then at the end of June they put out "Mt Carbine & Saloro Operations Hit New Production Records" and yet again the Quarterly shows that production only increased by .5%

Let’s see if we get a production or drilling update just before the full year results drop.