They seem to expect grades to nearly double in the next 6 months...

They seem to expect grades to nearly double in the next 6 months if I read this right. Last quarter mined grade was 2.34 g/t and recovered grade 2.02 g/t from over 80000 tonnes mined and milled.

The measured and indicated resource grade within the current pit design is 4.19 g/t on over 200000 tonnes. So if they recovered 3.6 g/t they could almost double revenues on the last quarter if there is no lost weather time and they would start generating serious cash flow. They certainly need to do so given the loan repayments due.

Effectively the extra revenue of $8-9 million per quarter would be free cash flow if costs and throughput were unchanged at over 80000 tonnes. That depends on gold prices of course. An update on how the plant is performing in 2021 would be reassuring.