I calculate there are interest charges on the KBLGA notes of $684K per 6 months or $114.000 per month.
Average production for April/May was 2820 oz so interest cost /oz was $40.43 oz
EBITDA April/May averaged $1.4M, say $1.3M after interest.
So if they can meet this production and the gold and silver prices hold, July-December earns $7.8M to pay down creditors and pay for development.
KBL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held