Ann: Quarterly activities report, page-13

The Tide is clearly turning… Why Sell?

The upside when this becomes a cash cow is pretty significant… there is a chance the tide is fully out, and now we are poised to rise.

As per Quarterly below…

Mining volumes in the open pit have stabilised at approximately 1.0-1.1M bank cubic metres (BCM) per month. A reduction in costs is underway, with costs reducing as a result of the completion of mine development at Darlot in January, the completion of the KOTH open pit “catch up” plan in February and the completion of construction of TSF5 at KOTH in March.
The site teams continue to identify other areas of cost reduction to reflect steady-state production activities at KOTH.

and…

The record production of 17,550 ounces for the month of March resulted in KOTH’s first month of positive operating cash-flow. With mining to continue on the granodiorite-ultramafic contact primary ore body and a lower steady-state cost base moving forward, Red 5 expects to generate strong positive operating cash-flows