resistance at 0.24, page-27

pe calculation of around 1? Questions re prefeas figures. Please add your input.

Plant capable of 1.35 Mil tonnes at 2.6g/t refer to paydirt pres.

gives 3510000 grams or 123800 ounces per annum.

cash cost round 540. gold sold at spot for 880.

cashflow around 42million per annum. wow this would be nice!

am i wrong in these calcs. can people comment?

this company has already branched out into nickel and its got potential to expand its resources and borthana is the wildcard.

this should have a market cap much greater that what it currently is. currently trading at a PE of around = 1.

1st year earnings per share of around 19.7c

also the cashflow quoted in the prefeas pres are only for a 4 yr mine life. which was just over 400k oz out of the 1.2m oz.

this one will run once the prefeas is out and the insto's buy in. quality managment. thanks for tipping this one cdchi.