The Cashflow Bullet, page-355

I posted this before, my Q4 estimates

Date:02/05/18 Time:12:08:03
Post #:32825581

"the Q4 report is looking like another blowout result:-
production 19koz
sales 21koz
AVRP U$1320 #looks high now say 1312
AISC U$525 #looks low now say $630
revenue U$27.5M
costs U$10M
Cashflow +U$17.5M"
cash & bullion U$9.6M to $17M, trade creditors and debt slashed.

Its all about the debt, trade creditors and FCF margin now

I also called April month to be a blowout with AVRP at U$1345 so they would have been selling on spot price as much as they could in April. Suddenly the preso came out without warning setting out the drilling plans and resources, so they must have the cash flowing hence why they are focusing on the next resources & drilling targets.

I was too conservative on their Q2 Q3 results last 6 months but I was more bullish than any of you other than kojak.

If there was insufficient cash or cashflow projections there would be no point setting out a new drilling and resource strategy this early, 6 months early.
The Board is 6 months ahead of us and the market looks like.

The more it rains the more FCF and the larger that bullet they called in 2016 of U$11M by 30 Sept 2018.