Ann: Quarterly Activities and Cashflow Report , page-23

Shakespeare:

I don't have much doubt that they will manage to get up to 200k ounce av per month.

As you have stated, they can do it - the first two weeks of October being proof of this. If they can get cost of production down to $19 per ounce - this is $4 per ounce profit, from which they have to pay off their loans

4 x 2.4million = 9.6 million profit P/A - they have to pay down the finance from this - might only leave a couple of million left to do anything with.