Sydney
Take a look at last December quarter
42k oz produced AISC at $709
That still managed to drop the cash position $8million
This year POG is higher and maybe lower debt repayment.
But I see overall cash position will be lower that last December
That allows a $17 gain for this quarter verses an $8million drop last year.
These guys will want to protect their salaries
So another CR appears unavoidable.
If lucky with higher grades and higher POG
It could be put off 6 months
But after that ...lower grades and wet season.
BDR Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held