Also just as an FYI - if you refer to the investor presentation...

Also just as an FYI - if you refer to the investor presentation in February, it looks like they've reduced their operating costs to $411 since starting operations.

Also I think your basket price is actually their initial projection of operating cost ($591/t), and their original forecast basket price (based on zircon at 29% of VHM and $1500/USD/tonne) was $599/t produced. (basket price).

So they should be cashflow positive for the project.

Also one more small thing, the total outflows includes 2.98 million for exploration, admin, corporate staff and non-project capital. So the project costs this quarter will be 18million to meet their project cashflow positive status.

I think they should easily meet this.