RED 2.70% 36.0¢ red 5 limited

Am I reading this correctly? Page 2 of Quartely "The company...

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    Am I reading this correctly? Page 2 of Quartely
    "The company expects to achieve total gold production to the end of financial year of between 17,000 to 19,000 ounces".
    That's only 4,400 ounces for the June quarter or $6.6M their expenditure is forecast as $16.8M which equates to a loss of $10.2M; they have. $12.7M cash at hand so the expected kitty is $$2.5M at the end of June 2015.

    Nothing wrong with the pit right???
 
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