In the last appendix 5B they were pretty unequivocal that operating cash flows were the response to ' how many quarters of funding have you got' proforma question.
During this quarter copper has been over 16k a tonne AUD plus another 3-350 per tonne in increased precious metal credits plus refining charges flatlining. That puts downward pressure on the undoubtedly conservative $8051 AISC.
CU price well above the 13.5k economic study and 12.5k early revenue hedging figure.
Lachlan referenced a 'knock it out of the park' comment for this months ore/ copper production in the RIU presentation which we should find out about in the next few days. 1000+ tonnes for May is a pretty safe bet.
Grades are also higher than planned. Deeps drilling has been going for a month.
Nothing in the tea leaves to indicate another cap raising or other negative news.
Looking forward to production figures, Deeps drilling results, next quarterly cash position and then the updated MRE.
No reason a 1c dividend couldn't be paid at the end of the year with much more retained for expansion
HGO - Chart, page-272
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