Loan Calc, page-9

Most predict a positive cashflow of $50M-$160Mpa lets wait and see.

If its $25M the market expects 0 cashflow, 0 cash increase, 0 profit margin and ignore the COP drops and record production increases and sales increases thereby. The market even ignored the new offtake sales contracts signed...

When the market revalues this at higher sales, higher production and higher cash at bank and debt reductions, then it will start moving back toward a $200M MC or 8c where it should be. The market has undervalued AGO due to the recent events but not valued it on forward EPS CPS or forward sales or resource value.

The Q1 will be very revealing as I think Hartleys have advanced workings on it and that's why they have promoted AGO and its debt reduction & cashbuild.