December quarter cash-flow of $13M, page-26

Yes but it still remains difficult to decipher the quarterly. Yes we apparently have 2,400 ounces Au but just how this is accounted for remains a mystery to me. Surely if sold it amounts to revenue and should be shown as such in the accounts. If held by the company and not sold, why wouldn't it appear somewhere as "cash equivalents".
I too am somewhat uneasy about the expenditure of 9 million estimated for the next quarter. Annualized expenditure of $36 mil seems extreme though I doubt the level of exploration expenditure would be maintained at quarterly levels for the entire year. I do understand the need to increase known reserves and the drilling so close to the currently mined sector means any new finds will be easily brought on tap. One presumes from imaging they have targeted the right spots.

All that said, the short term targets of +25,000 ounces Au p.a. All in costs less than $1000/ounce and cash surplus of + $12 million p.a. all point to a steady rise in share price over the next twelve months as milestones are reached. Actually if 25,000 ounces are milled and costs are sub $1000 at current POG of $1600/ounce this amounts to a surplus of $15 million ($600 profit x 25,000). Let's hope we have a steady stream of positive news on drill results, mining grades, throughput at the mill and grades recovered. Communication Mr Board Member please..let us know regularly if the company is on track to achieving a $25 mil surplus on mining operations. This takes so little time and effort and shows some real consideration towards investors.