hmm cash burn and no gold to talk about

Some real weirdo headings of late....

Read the last quarterly...

Revenue increased 30% on last quarter to $4.155 M

Gold produced increased 11% to 3913 oz

5th quarter of continued revenue growth

Drop in operating cost/oz

Net operating cashflow is -9.1 M for 9 mths, last quarter it was 1.7 M so it is obviously decreasing. (It's come down from an average 0f -4.5 M if you average the two preceding quarters). So at this rate won't be long now to cash flow positive.

Of course there is still a 'cash burn' for an emerging producer!

With CTO, the writing is so large and clear on the wall now that, if you don't get it at this stage it's your loss.

Cheers!