cash flow positive

Looking through the last presentation C1 cash costs and Production allows for Kulthor and Starra 276 to operate
at a $30 million a year positive cash flow

with $15 million going in exploration and $15 million going in development

With 3 shipments this Quarter of more than $50 million in copper and gold

Reduction of 32 staff should allow Cash on hand should to remain around the $38 million or hopefully improve

Remember the CR at 48 cents was filled raising $80 million
and since then the Copper price in AUD has increased heaps

$50 million of the CR went to repay the loan from TH

I really think this is way oversold and there is no way
TH will sell under 50 cents

So no news is good news on that front

and the POG has gone up as well

Cheap Cheap and getting Cheaper

Imoo