They must be making some cash flow at the current gold price levels?

Orvana has been cash flow positive for the last two quarter when their average selling price was a little more then a $100 dollars/ounce less then the average price of gold (silver also) has been since the begining of September.  In addition, the price of copper rose appreciably since the begining of September.
In addition, Orvana's shaft at EVBC has been in full operation through October and December and Don Mario was showing continuing improvement in the last quarterly report.
The financial report for this period will not be  out until next year but the MD&A in the Q4 report, Bill Williams said it is similar to Q3 which is good,  due to come out shortly should contain some insight into the post 30 September 2012 Q4 reporting period.