So KCN is producing about 10koz Au eq. Per qtr. With one mill at 0.4g/t. Expect plant 1 to start in CY qtr 2 and blending with of low grade and mined moderate grade..
so Qtr 1 CY24 prod ~ 10koz Au eq
. Qtr 2 ~ 20koz + Au eq
. Qtr 3 ~ 30koz Au eq
6 week delay in cash conversion... We will see market rerate as we get closer to CY24 qtr 2 and need to pay off $11m short-term loan by end of Qtr 2
.
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