Ann: Increased Resource at Murchison Gold Project, page-12

re: Ann: Increased Resource at Murchison Gold... 2013 to 2015 average over 32,000oz per year. 2016 close at 29,000oz.
This is a very strong increase in the mine plan ounces per year and life of mine compared to the initial mine plan.
It looks likely that this will not be the last upgrade to the mine plan.
I.e. the 2016 production might also be boosted to 32,000oz and the same production may be extended for a few more years again. Don't forget Gab has some higher grade gold only resources not included in this mine plan.
This is very good news if they can meet this mine plan.
Heap leach not included and could significantly boost anual cash flows further.
The projected cash flows are a big improvement on the original stage 1.
I can’t see this as anything but overall significantly positive.
Stage 1 was previously barely going to cover around $12mill in admin and exploration costs to leave next to no profit to report.
On this projection they are likely to cover those costs and have around $10mill per year left over.
Not sure what their actual exploration/admin costs will be; the $12mill was just an assumption in my sheet.
Might be quite a bit higher to fast track Jervois.