'' If they can come good on there plan to be cash-flow positive this month and produce 2000 oz next month, then a rerate will be on the cards.''
Yes the key is when they will become cashflow positive or else another CR is possible in the not to distant future imo
IMO,
Without a JORC resource - the market needs to see a few months (at least) of production to ascertain an average (plus AISC)
March quarterly showed $6.8m cash on hand at 31/3/18
Expected cash outflows for June qtr $2.8m - which leaves around $4m cash at 1st July for exploration etc.... and Cascavel etc to gear up production for year end targets
They also have the gold royalty stream as well...
DYOR
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Re: The Annual Report, page-5
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