In the next couple of days we should see the latest quarterly report. We will be hoping it gives us a clear view of where we are heading in regard to commercialisation.
Also in that report will be the latest gold royalty payment from the Higginville Operation owned by MLX. This royalty is a legacy of our previous life as a gold explorer.
Last year we received $1,323,000 for the full year. This qtr the operation has produced 34,528 oz of gold. That is up from 25,460 oz the previous qtr, or around 30%.
At the same time the average price of gold for the qtr has been $1,539, up from $1,417 or just under 9%.
That points to the gold royalty payment being substantially higher this qtr.
http://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTUYM5Ae0pm2KuJlJ2/k=
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