Q3 Quick Comments First , cash and working capital at exit 3.
$12.8 million US in cash and $3.7 million us in Gold bullion, for total cash and cash equivalents of $16.5 million US which is about $22 million in CAD.
I recall estimating about $15 million US so we are in very good shape, balance sheet wise,
That is because the FP costs were spot on forecast estimates.
We had $19.5 million US in Working capital at exit Q3.....about $25 m CAD....which is excellent
We also have 2000 ounces of concentrate which was produced in January and part of February which will boost working capital going forward .
They have problems finding workers and drillers in Australia so, we are delayed there while they advance their target selections..
and
- In December, commissioning of sulphide flotation plant commenced, and 9,574 t of flotation feed was milled, 126 dry metric tonnes of gold concentrate was produced with 177 oz gold recovered. There was no sale of gold concentrate during Q2 fiscal 2023.