Ann: Revenue Generation Recommences-KBL.AX, page-111

These financials are from the December half-yearly report.

We await the Annual report to see how 5 months of new management has performed and get an uptodate picture.

We know previous management had serious cost overruns which are gradually being sorted out. The new plant was underperforming until the end of March.

Non-current streaming liabilities would seem to be estimates and are definitely contingent on production. It looks like streaming liabilities total $40M+.

Provisions may be annual leave etc. KBLGA interest is about $684K per half year

I believe MRI trading has an offtake agreement with KBL

It would seem that after streaming cost C1 costs are about $1000 per oz which gives a fair margin.

There is plenty of ore underground, but Pearce North next would be nice. They have 5 months to plan the next ore source.