GCY 1.82% 54.0¢ gascoyne resources limited

Director buying all you need to know, page-18

  1. 46 Posts.
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    December production should turn cash positive. 18.5moz is around break even but there's a couple of one off cash payments this qtr. around $5m last payment for purchasing the remaining 20% equity of Dalgaranga tenements from the prospectors. And around $4m deferred payment to the mining contractors. Put those two capex style payments into the cash flow after producing 20koz leaves about -$8m as forecast. Achieve more than 18.5moz per qtr moving forward @ 25moz pq is around AUD$1700 per ounce pure profit. So, 6.5moz @ $1700 = $11m profit pq.
 
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