Yes you are correct. Although keep in mind that it is an "Estimate" so therefore doesn't strictly mean they won't commence production/development.
Personally if i were AHK management i would delay production until wet season is over to save $$$ by mining in the dry season. Strategically it would make most sense to pursue MMP approvals of additional pits and deposits (i.e. Mt Porter North, Mt Porter South) instead of doing things back to front and end up mining pits in the wet, applying for mmp's and waiting in the drys.
I think this might be what they are cleverly doing with the $197,000 allocated for next quarters exploration and development.
Short term holders might not like this and i personally hope they dont like it so that long termers can accumulate and be rewarded in the much bigger picture.
I would expect formal ann with details of Tolling to give long term holders the assurance of their investment in AHK the confidence greater than which they already would have in them
AHK Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
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