quarterly out, page-10

Archie,

The mining rate stated is "up to 40,000 tonnes per day".

That is the max achieved. It certainly doesn't say that they are mining 40,000 tonnes every day.

Net cash out the door for the quarter was $25.6 million. That is very close to the $25m per quarter that i suggested a few months back.

At that rate, the current cash will last for less than 6 months from january with $47 million left as at Dec 31st.

It looks like they spent $4.2 million buying their own shares in the quarter for the employee scheme. That quite a few shares bought internally. How much more to come.

I could not find any reference to the $100 m loan docs being completed. In fact there was no mention of that task and how long it may take. Curious?

No dates mentioned for DSO sales.


.