DictionaryYou need to read more than just the current...

Dictionary
You need to read more than just the current quarterly.
Look at some of the investor presentations. They are pretty accurate based of full production.

This is the issue. Production in dec qtr was only 25% of planned full production because
1. Throughput was only 50% becuase ball mill motor was faullty and plant could not be run at more than 50%. This was fixed in Jan and now through put will be double dec so double prodn.

2. The biggest issue is recoveries. This was also only about 50% of plan becuase have not been able to fine tune mill because could bot feed ion full input of ore. Hopefully recoveries will reach plan by end march.

These 2 items combines would take prduction up to around 16000 ounces for the qtr.

3. Cost will rise to around 7M for the quarter.

U ongoing surplus of around 18M a qtr is achievable one recoveries meet plan .

So in around 9 months debt can be-repaid

--------------------------------------------------------------------Paul100; Thank you for your estimations, conjectures, wishes.

I have read previous guesstimates from PGI and well wishers on the unknown and unproven process. They haven't materialised.

Your assumptions, are based on your own thinking - not from the companies most recent statement - the quarterly.