From what I see the next quarter will be tight but they should scrap through wihtout a cash raising. Estimated cash outflow for next quarter is $1,750,000 against gold sales of 1500oz with production costs over $400 per oz maybe around $600...? giving net income of around $1m, they still have over $800,000 in the bank to pick up that shotfall.
However the next quarter they predict gold production of 4,200oz, probably lower costs and better grade so maybe a profit of around $2m for that quarter.
From there this company is away and could well go on to the stated 80c mark? IMO
CDG Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
