Quarterly report, page-5

I'm a fairly lay person when it comes to reading junior quarterlies so can someone vet the below?

Production costs for the quarter $2.7 Mil (assuming all costs are trial mining at Fortitude?)
Total production in approx 5 months of trial mining 34700T @ 1.69 g/T

Can't recall what we are receiving from Ashanti per ounce of gold but even at 1500 AUD per gram (unlikely given Ashanti assume all downstream costs) total is $2.8Mil

So 5 months production barely covers 3 months costs?

I understand trial mining and upfront production costs will be higher than ongoing operations but does this raise questions over this mine generating positive cashflow?

2.2 g/T to 1.69 is not a small change. Need to move 30% more dirt to recover the same amount of gold.

I've probably grossly over simplified the situation so would appreciate someone with more experience/knowledge filling in the gaps. Better yet would love to be told I'm wrong since I'm still holding!