This is where they at at the moment production wise with the IP ore reserve estimated at 730,000 tonnes. So based on the average parcel size of 32000t they are good for another 5 parcels give or take, but receipts for gold sales are received the following quarter so they should be getting revenue for another 3 quarters from 8 further parcels at Trouser Legs (3 currently outstanding being parcels 16,17 & 19). Also note that cash in hand is running 3 months behind expenditures so the last quarter will not have production costs incurred which should give a very healthy boost to the cash balance. There is also cream on top from Coles Prospect and whatever (if any) gold they may be able to extract from the low grade waste piles.
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- Ann: September 2019 Quarterly Activities and Cashflow Reports
Ann: September 2019 Quarterly Activities and Cashflow Reports, page-11
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