Sorry, I realized I should have added the following from the Qtrly Activity Report;
This may help to highlight my point.
Production of 5920t for the first quarter, with, lets say a notional sale value of $850/t = $5.032M
Sales during the first quarter of 6458/t with a notional sale price of say $850/t =$5.48M (** this may well be higher, with the $3000/t medicinal grades previously reported.)
It would be normal for the payment for these sales to be received and reported during the next quarter. So receipts would be expected for the next quarter to be up 66% on the current reported quarter.
Also, as you have highlighted SUV have a cash position of $5.8M but this does not take into consideration that we have $5M in resource just mined and ready to ship (stock on hand) or even more. All said and done.... the future is bright white and clear for SUV at Pittong
Add to My Watchlist
What is My Watchlist?
