Nice figures Fastha, though I am thinking though they will get the refinancing they are looking for with some drafts already on the table, one thing David is good at is promoting CDG as the next big thing! You do highlight an area of great concern and that is the average grade they continue to pull i.e. 1 gpt. If they were achieving their stated 2.6gpt this company would be in profit having made around $3m in the last quarter and therefore around $500,000 positive cash flow. This is what is keeping me interested in this company, if Lavra does come on line at around 11gpt CDG could be clearing around $10m positive cash flow in a 1/4 at current mining rates.
Total Dore Produced (@10gpt) = 300 kg = $13.5m
Total Ore Processed = 28,895 t = $2.1m all in production/admin costs
All in my estimates and opinion
