Thoughts on the Dec-Q:Productions figs pre-released, nothing...

Thoughts on the Dec-Q:

• Productions figs pre-released, nothing new.
• Revenue $nil, but trade receivables due for payment from Grupo Mexico were US$500k and the value of ore delivered not invoiced of US$100k (approx $A800k total) for the 3.5 kt of ore delivered.
• Mar-Q revenue at a rate of 4ktpm could be around $3.5m.
• Mar-Q outgoings of $4.2m leaves a burn of $0.7m, based on the revenue est. above.
• Demonstrates the leverage to getting production up to the 10ktpm target.

*Obviously these are all rough numbers.