Multi-skilled employees, page-8

I think it will be a very slow grind here.

if one assumes production of 120k ounces as AISC of 1600 (-assuming the better commodity prices are offset by COVID/cost pressures)and selling at 2400 I get cash flow of 96M - I then need to strip out 50M for growth capital and exploration so we may build cash reserves by say 40-50M this year.

What needs to be factored in is the costs required for great Cobar and Federation. It seems they will build a new plant at Hera which is likely to cost 100M plus from what I have read. So my interpretation is that most of the cash build over the next couple of years will be sucked into development.

the biggest risk here is management buying another Dargues IMO - why they went for a large upfront cash payment still has me stumped