Folks, like anybody else I like to read positive/soothing news...

Folks, like anybody else I like to read positive/soothing news when my investment is "struggling" so i'll put my thoughts out there for comment.

From the December qrtly

- Est June half gold production - 31-36,000 ozs
- Est AISC $2,000 to $2,250 per oz
- Capex - $3 Mil
- Strip ratio for the half year - 4.8 to 1
- Underwater big time on the forward gold sales

After trying to digest/estimate what could happen with the minesite variables, the question I asked myself was -

How much cash per oz must the mineste generate to cover CAI corporate level cash requirements for the half year?

My estimate of this figure is as follows

Capex $3 m Ex Qtrly
Corporate costs $ 2.8 m Dec qtr x 2
Exploration Nil unlikely scenario
Debt repayments $15 m 6 months @ $2.5 m per month - current deal (?)
Macquarie interest $4 m estimate
TOTAL $ 24.8 m

SAY $25 m

If you divide $25 m by either 31k or 36k ozs you may feel unwell at the size of the cash required to be generated by each oz of gold in the next 6 months at the minesite, which still has a number of issues, some more critical than others. All this against the huge increase in projected AISC.

I agree with some of the earlier posters on this thread - essentially the future of CAI is is the hands of Macquarie.

Disc. sold out last Friday