Ann: September Quarterly Activities and Cashflow Report, page-28

Apparently it's normal for mining companies not to report receipts from customers until after commercial production is declared. Did a quick google and found another example of this - so assume it is acceptable practice for mining companies to net customer receipts against development costs during the development phase. Assume it isn't completely discretionary as to when you can determine 'commercial production'.

 

20k tonnes sold in Q3, making it 36k tonnes in total. They probably had a range in mind as to when they could determine commercial production (though wonder if it is based on ore produced rather than sold).

Either way, they can't put it off indefinitely, and are still maintaining that we will find out in Q4. Hopefully that will ease some fears about this stock and we can see $2+ again