Ann: HAW - December 2018 Quarterly Activities and Cashflow Report, page-7

I've attempted to reconcile HAW's ore parcel outcomes with their quarterly cash flow statements.

I concluded that the December quarterly included the revenue received from parcels 7, 8 and 9 but did not include anything from parcels 10 and 11.

Further, I calculated that HAW is already well and truly cash flow positive from the current mine plan at Trouser Legs (after deducting Development Costs and Production Costs).

With two quarters (at least) of cash flow still to come (from parcels 10, 11 and perhaps another 5 or 6 after that?) and the bulk of Development Costs already accounted for in their quarterly cash flow statements (with a significant proportion expensed last financial year), HAW is on track to report a bumper profit this financial year (imo).