Hey guys can someone help me understand the negativity I'm...

Hey guys can someone help me understand the negativity I'm seeing on this thread. I can understand the backlash against capital raising at the AGM due to the delayed ramp up of the project. However, chat about the company going broke seems a bit extreme based on current production costs and sales.

The realised price last quarter was $247. With the current boat being loaded, this price received would translate into receipts of $18.453M. Production and corporate costs last month were $12.8M. There is still about $4M in tailings construction costs to go (not that this will be completed this quarter). I've assumed financing costs of $1,286 with an extra $1M of the NAB facility drawn down but none of the export financing awarded/drawn. Add that up and i can't see negative cash flow.

I know we would all like to see additional sales - i doubt we will see an additional shipment before the end of the year even though we should based on available inventories. My read is that tailings storage is the restriction to processing: mining has a low strip ratio and clearly plenty of capacity; crushing and processing are well below nameplate; drying pads were expanded earlier in the year... any informed opinions here are welcome.

Thanks