Haha Esh being Esh...haha 21k oz from sulphide means they were...

Haha Esh being Esh...haha

21k oz from sulphide means they were processing low grade dirt...
According to the quarterly
Some was to be stockpiled, some was to be stoping ore.....and Dec some cave ore was to be added. Improvement had already been noted.

Unless the plant had a problem it is still all low grade dirt.

To say 21k oz was expected is not being realistic.

Maybe somebody should ask Esh what he expects over the next 2 quarters..
I think he will wait until the reports are out and say again ...as I expected.

I allowed over 25k oz from the sulphide plant and the same for the oxide plant and 18k oz from Ravenswood. That is why I thought 70k was about as good as would have been produced...The oxide was a surprise
But they have used some selected high grade ore this quarter...I would be very surprised if that continued.

in the current quarter what I would look for under 75k oz produced
Approx 30k oz oxide
Approx 25k oz sulphide
Approx 18 k oz Ravenswood.

That would require about 90k oz in the
June quarter to make guidance.
That would be a huge ask.

Deferring some Capex should get them through this quarter but I expect cash
and investments to be under $100 mill.
By the end of March.

Interest on $178 debt would add about $10 mill in interest a year.... so this will have to be allowed for as well.

Cheers