Ann: Quarterly Activities and Cashflow Report , page-2

The quarterly is out. I've had an interesting read.

Silver production was below budget and declined 5% from the March quarter to 169,910 ounces.

However AYN do explain to us all why this happened and are confident about this September quarter.

Receipts from silver sales were $4.591 million.

Payments for production of that silver was $6.036 million.

By my calculations it cost AYN A$35.72 to produce one ounce of silver in the June quarter.

AYN also have about $2 million in cash at 30th. June. Some of us might wonder how long that cash will last.