Christos, you expect a company to be cash flow positive in the first quarter of operations? There are still quite a few one off developmental expenses associated with the quarterly that have nothing to do with cost of production. A few points to take into consideration:
-only fines have been sold so far as lump circuit not operation till end of year
-6.9 tonnes were only mined during quarter, 60% of forecast quarterly production annualised at 45mt with most set expenses in place, hence economy of scale should increase dramatically with increase of production as per mine plan and infrastructure specs. Much, much more to take note of but I fear I would be wasting my time writing anymore for you!
lets work out fmgs cash flow, page-17
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