It's looking like cash outflow for the Sep'20 quarter will be on the high side @Hiddenvalue....
In Table 02 (Current Funding Sources) they've said approx. $15m current cash...
$11.4m (cash & bullion @ 30/06/20)
+ $21.0m (Mercuria Tranche 1)
+ $41.85m (Est. Sales revenue from 15,500 oz sold at $2700/oz).....Based on current guidance of 62,000 oz / 4 qtr's = 15,500oz / quarter
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$74.25m
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$74.25m - $15m (current cash) = $59.25m Est. cash outflow for Sep'20 quarter.
On a separate note, WMX have been extremely quiet about their Sep'20 production. Any guesses why?
Ann: Sulphide Development Update, page-29
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