Ann: September 2018 Quarterly Activities and Cash Flow Report, page-41

Most of Evolution Mining’s open pit operations have a gold grade between 0.8 g/t to 1 g/t. With the right mining rates, strong gold price in AUD and management which I think will happen we should see this turning around in 6 months.

Things will go south fairly quickly if the debt can’t be paid back to CBA and NAB.

Even if GCY hit 20,000 ounces per quarter they should be making a profit or at least breaking even until the pits are stripped down.