Positives;
-cash flow positive by may (estimate 500+Oz for May)
-aiming for 2000 Oz for June production
-bonanza results
-continued exploration planned looking at open pit potential by year end as a second source for ore
-cost reductions of 30 Percent (want to see overall costs reduce or Oz achieved increase though)
Negatives;
-total costs has increased from 2.5 million in q42017 to well over 3 million in q12018
-q22018 costs expected 2.8 million (10%greater than q42017)
-250 Oz for q1- very low Oz and ore mined due to lots of delays and breakages (to be expected but holders should have been notified)
-they want another 25%dilition in 2018 as part of AGM ann- more dilution with all the new options may hold this SP at or under 11 C for some time now
Ambiguous
-antanae results for 3 DD holes "out shortly" but paragraph before it says DD results out sometime in Q2
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- Ann: Quarterly Activities Report - March 2018
Ann: Quarterly Activities Report - March 2018, page-8
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