Without proper notes to the accounts, these financials are somewhat misrepresentative. It is difficult to ascertain what outflows are immediately due, & what is payable within 12 months or what is contingent on the sale of a fixed leased asset.
Assuming that they sell $6,500oz this quarter @ a gross profit of $3,250 & have another $2m in operating costs & capital expenditure
& x 2 for June quarter
disregarding SPP cash inflows of which "should" be capitalised to further development
I estimate that their current liabilities will still be around $4-5m by FYE & it will take 12 months to get on top of their current debt levels.
Without proper notes to the accounts, these financials are...
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| CTO (ASX) Chart |