The Dec Qtr seemed to be problematic and it would have been useful
if the CEO had given more mining detail and less Geological blurb.
What we have now is:
Dec half year production: 12,055 ozs AU + 38,077 ozs AG (12,800 AU equivalent.
Revised Forecast 30K to 35K ozs AU for FY 2015
Which leaves 18K to 23K ozs AU for remaining 6 months
or an average of 10,250 ozs AU/Qtr.
With forward costs for this Q3 being $7.9 mil then the extra money in thee till by
31st Mar should be about an extra $5 mil.
Given that new CEOs tend to get all the bad news out in the first year, then it should be
improving news from here forward.
Moorookamick
The Dec Qtr seemed to be problematic and it would have been...
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