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uksausage

06/28/12 11:46 AM

#68811 RE: Austin1 #68810

that was the situation as of March 31st.

However the numbers show that Q1 was operationally cash flow positive (JV sales covered cost of mining expenses).

Given that Q2 should be significantly higher revenues from mining (no fuel shortage cf Jan/feb, and FR numbers of 100 oz a month)) i expect Q2 shows company is cash flow positive.

no dilution for 3 months

DREDGE BABY DREDGE

ISSUE PR on mining numbers in week 1 july for Q2 totals and watch us start to get back to sensible numbers.
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CancunCharlie

06/29/12 12:56 AM

#68820 RE: Austin1 #68810

Austin1 quote:

"This came out yesterday and looks like they still have 5 dredges running...thats a long season!"

Yes it is!!

If I add up all the production numbers for Gold so far I believe that up to Mid-May we have 240 ozs. (please correct me if you come up with a different number) So we have 6 more weeks of production, hopefully with all 5 dredges, and maybe a couple of weeks of the new leaching process as well. For ALL of last year our total was 404 ounces. It's very possible that we have already passed that number!

And I just now checked formds.com again and.... no further dilution either.

Charlie