Reading the Quarterly Report. Says net op CF of $4.8m.
Need to be a bit careful as to what that really means.
Reconciling with the 5B statement of cash flows, the net operating cash was actually a loss of $0.216m.
(Dec Q AISC of $1,803 x 11,756 ounces = $21.9m of all in costs vs gold sales of $20.8m).
It is remarkable how you can mine 1.48g/t gold at a SR of 15.4 and make money.
Imagine if the sun really starts to shine.
When will Dubbo be fully funded?
Disclosure: Former holder, monitoring for a possible re-investing opportunity.
Ann: Quarterly Activities Report - December 2016, page-3
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