I liked that line too ! At the hedged copper price they should...

I liked that line too !

At the hedged copper price they should have revenue of $40m for the December quarter less $25m in costs is positive cashflow of $15m.

If they can do 6,000 tonnes at $8,500 per tonne for the March quarter then revenue would get close to $55m (including gold & silver) and a positive cashflow of $30m for the quarter.

September quarter was always going to be bad and some of it will unfortunately overflow into the December quarter. At the midpoint of the estimates of 4,500 tonnes they are predicting 2 more "bad" months at 1,300 per month and 1 "good" month at 2,000. The balance sheet wont look as good as it could have at year end but at least they have survived and finished the overburden so 2018 should bring happier days.