Market starting to catch on that this mine, despite its problems, is churning out cash at current gold prices.
Net cash build of almost US$8M or A$12M. Many gold companies producing double the ounces are building less cash. A$45M in cash on a A$155M market cap.
A few little positives in there. Looks like development metres have really picked up this quarter with a 25% increase. Gradual increase in tonnes milled too. The resource at Royal Crowne Veine can hopefully add a few more ounces and be mined at some point.
A dividend should be up for consideration with this level of cashflow. Normally I wouldn't care too much but even 2 cents would be less than A$5M.
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