Looking forward from Q1The big price move in gold only really got started in March of Q1 -- January and February were when it rose over $2000/oz, but not much more, and the average price of gold for the period was $2074. That was what enabled MND to throw off 20.2 million dollars of free cash flow.
Right now, for Q2, the POG is over $2350. If gold averages $2300 for the quarter, that would mean that MND is getting an average price $226 more than it did in Q1.
This means that if they have the exact same gold production of 22,346 ounces, they would bring in $5,050,196 more than Q1 = FCF of $25,250,000. This would be MORE than 50% of their current cash position, which just increased by $20,200,000 in the last quarter.
Every $100 increase in the POG adds $2,234,600 to revenue (at level production).