Ann: Annual Report to Shareholders, page-8

You only have to ring to see what they are doing!
its not grades or a spectacular find.
I asked if grades where meeting target answer yes as expected
when the next mill is answer November.
plan with money. Going to drill target at halley's been working on it for months.
and return half the profit of halley's east to shareholders.

where I got the .02 cents from is that if all works out with current price and oz expected profit from halley's East will be 7 mil half return is .002.
its in there business plan to return half the profits as these guys have been working 7 days a week for a hundred g a year. They all have a stack of shares so there interest is aligned with shareholders and as holders will reap benefits.

figures 20,000 oz at 721 aud cost to mine and mill so after costs 13 mil profit 6 mil to pay back note holders so 7 mil left half return to holders. 3.5 mil left.
so after all that even at .004 after dividend it's still a exploration company worth 6 mil with 3.5 mil in kitty and drilling extention of a pit they know and can basically tell which way the high grade is going.

How many bother to ring and appreciate what these guys are doing. For me they are doing a great job putting everything in and running on a shoestring. Hardly any boards at this level are working the ass off to make me the holder wealthier and not just sitting back having lunch in a freo pub. Graham is on site all the time office is a 4wd with a mobile phone.

Old fashion miners with work ethic not prone to producing a slick preso, at these levels you have to ring to find out ask the right questions. Was also told update will be very soon as I said it's just general info nothing insider about just a weary investor who bothers to do proper dd by using the phone. This is one of the only stocks that I hold that I am willing to buy more on dips, trouble with market paticpants these days think it all just comes up on a screen. Myself I like to actually know what is up. And graham is no spiv just hardworking miner who actually wants to see the company do well by doing hard work not many around who are md's of minnows.