I'm happy to admit I misjudged the cash flow timing with...

I'm happy to admit I misjudged the cash flow timing with HAZ.

$4.8 m in production costs, and negative cash flows for the quarter given $8.8m WIP was not invoiced in the last quarter.

Will the next quarterly be a cash flow positive proposition?

What do people think? Estimated $8m in production costs for the next quarter - will HAZ consume all free cash flows on feedstock and Mt Mulgine studies, or other ?

Is this the reason for the SP heading South?

Or is something else, such as the $8.8m subsequent invoices cited on page 1 vs $7.8m in invoices raised on page 5 ?

My belief is that in the current market, free cash flows reign supreme and MC is rewarded accordingly, for 2014 I will change my positions accordingly....