New production forecast, page-2

Next quarter cash outflows estimated at $42 mil.

At 1700 aud/oz gold:
19000 oz: 9.7 mil loss
22000 oz: 4.6 mil loss

At 1750 aud/oz gold:
19000 oz: 8.8 mil loss
22000 oz: 3.5 mil loss

1800 aud/oz
19000 oz: 7.8 mil loss
22000 oz: 2.4 mil loss

You'd need 1900 aud/oz to breakeven at 22000 oz production. And this is at nameplate capacity. Even if we assume 1750 aud/oz for the next quarter, cash on hand is only 18 mil. That leaves us with only 2 more quarters until GCY shuts everything down!

And considering that next quarter exploration is only 100k there doesnt seem to me a magical discovery that'll rescue GCY.

I was hoping for good news, but GCY unfortunately doesnt seem to be going that way soon. Unfortunately I had to sell off after these results today.