Superior Gold announced better than expected Q1 production on April 12th with an improvement in grades and gold recovery leading to an 11% increase in production to 17,603 oz. Cash increased by $600,000 even while the company repaid 1,320 oz of a gold loan. The company received the cash for the gold loan in November 2019, so when it repays the loan is must cover the cost of producing the gold out of other cash flows. Effectively, the operating cash flow was $2.5 million for the quarter. With only 1,320 oz left to repay on the gold loan and upcoming open pit sources to supplement higher grade underground ore, the stock is likely to be re-rated.