Updated my cashflow model.CAI is likely to produce 15k ounces...

Updated my cashflow model.

CAI is likely to produce 15k ounces and 18.5k ounces in Q3 and Q4, respectively.

CAI will likely have cash outflows of $15M during this period (H2 FY24). With only $10M cash and cash equivalents, they will need to perform a capital raise or defer payments to successfully transition to Bulletin in FY25.

CAI need 20k ounces per quarter to be in a cash building position. CAI is estimated to produce 22k to 25k ounces per quarter in FY25 depending on milling capacity.

Overall, this quarterly report didn't yield any surprises - the above could be mostly reduced from the production update earlier this month.