Yes a very disappointing copper production quarter especially in Feb when production was only about 1025t but improved substantially in March with around 1725t being produced so this indicates hopefully that maybe 5500t can be produced in the current quarter.
Important that they start cash covering amounts being spent on capital development and growth capital/exploration spend with operating surpluses as projected cash balance might decrease to a level that they need to top it up to cover working capital levels.
I have the cash balance decreasing by $16mil for the March quarter that received a benefit of $3mil from the sale of MGL shares but is subject to estimates on production costs and in particular to an estimate of $40mil being spent on Capital Development and Growth Capital/Exploration.
Ann: TRITTON COPPER OPERATIONS UPDATE, page-16
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