If the gold price of USD 1.920/oz stays at current levels or...

If the gold price of USD 1.920/oz stays at current levels or above, we should see a very nice cash build over the coming quarters.

As mentioned in the previous quarterly, we should be mining higher grade zones during this half year, which probably means, that AISC will come down to around 1320-1350 USD/oz.

That would allow for a current margin of ca. 600 USD/oz and a quarterly pre tax profit of 13,5 Mio USD (19,5 Mio AUD). Even after deducting tax and the quarterly Tiger Way expenditure of 4 Mio USD, we should see a significant cash build over the coming quarters if gold stays at these levels.

Should bode well for a sizable dividend imho.