New production forecast, page-7

XD - the plant has a bottle neck right now. Hence... they are not running at the planned 3.2mpta. Otherwise they would be more than breaking even.

Plus, you are wrong about the Cash. They have a further $5m from the share purchase plan that was added in Oct. The plant will be able to process at well above name plate by Late November as per the quarterly details.

Exploration is never going to provide more than a short term rise. GCY can only rise from here by hitting commercial production as it has planned to.

Grade is already increasing, with the stockpile grades showing this. This will allow them to start processing more of the higher grade material, as the start of the quarterly is poor with the grate upgrade needed.

Secret to developers.... sell the day they pour first gold. Sigh.