Think you're being a little conservative with your cash...

Think you're being a little conservative with your cash projections Ech. If we only maintain last years mined tonnage at 153,754 tonnes and add 40,000 tonnes from the stockpile left on the pad from last Q, this will produce at lease 20,400 oz of gold. Since they are still ramping production in both mines, especially KOH, my opinion is that upper end of guidance, or better, will be achieved. Cash flow report from last Q says they intend to have a total spend of around $40 mil this Q. Considering the PoG for most of this Q was well above A$1700, and with the stated hedging contract with MKS at $A1723 per oz, IMO they will cover the A$40 mil spend. Of course if they exceed the A$40 mil spend then cash position will decrease accordingly. This management has proved that they can manage cash exceedingly well so I would expect we will, at least, maintain the A$17 mil cash on hand from the previous Q.