Quarterly report, page-8

My read on the quarterly is a disappointing grade with high production costs ie AISC around $1900!! They are foreshadowing better production and lower costs into 2nd quarter, and will need to deliver because cash is burning fast. Only around $3M left with forecast costs in the next quarter around the same.

If they deliver, all good, but otherwise will no doubt need a CR through another placement or rights/SPP or more borrowings.

I am inclined to think the more positive result, ie better ASIC and higher graded production. But I will only take up new shares, due to risk, at around 17 cents. DYOR