Why do you think the second mine contributed to the high Aisc? None of the cash flows were due to ‘development’. I’m assuming development costs will start to hit next 2 quarters.
Presumably the high AISC was due to clearing dirt to access the deeper portion of WL.
Also if they only sold what they produced and they didn’t have the vat receipt (as presumably will be the case this coming quarter), then cash flows would have been negative 5-6mil...
Ann: June 2018 Quarterly Activities & Cashflow Report, page-7
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