those stockpiles will always be present so do not expect a big lift in cash by the end of this qtr. i dont think at $7- per quarter for royalties, cap ex etc will be enough and if pellet prices dont lift and aud doesnt drop they may have even lower cash next quarter. Nice company but the numbers are speaking for themselves. for a long hold these prices are still good.
$7 * 600,000 = $4.3 million margin for the quarter before expenses not covered by the C1 figure.
GRR Qtrly report, page-49
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