RE:RE:Q4 financial rough estimateThanks to JUANTOTHESTARS for calculating an estimate for Q4 Revenue. EBITDA should be around $14 million in the quarter, assuming gold inventory, carried over from Q3 is sold. Free cash flow should be around $10 million and ending cash balance $10 million. So our financial position has improved.
I was disappointed with Q4 production. However, production did not decline EVERY quarter in FY2024. In fact, Q4 tonnage milled was higher than Q1 and Q2. A bit more disclosure from Orvana would help shareholders understand why production declined in Q4 versus Q3. Was there a mechanical failure in the mill or, was the mill short of feed from the mine? If there was a shortage of feed from the mine, was it due to a shortage of labour, equipment or ground conditions?