Decisions: Before or After, page-135

Lets have a look at some different scenarios


Scenario 1:

No gold- no PASS but we have quarry products to keep us going for the next 20 years. When up and running we can expect at least 1 million tonnes of quarry products at about $10 profit per tonne. That's about $10 mill profit per year which is about 1.5c divvie with plenty left over for gold exploration. Two screening machines will go close to doubling this equation. A 1c divvie should equate to an SP of about 20c.

Scenario 2:

Over and above the quarry products we also get a permit to mine sand on our freehold land. This could add another 1c to our divvie and consequent effect on the SP

Scenario 3:

Over and above the sand and quarry we find gold sulphides as a result of the IP surveys currently underway in one of our 1200 sq klms of EL under our control. Maybe we find the lollies right under our feet in Nagambie. The sky is the limit here Rob if results are anywhere near what Fosterville has. Keeping in mind we have a similar geology to Fosterville and we are only 60 ks away. If gold results are positive - there is a strong chance someone will try and take us over IMO.

Scenario 4

If we have quarry, sand and gold and we get a PASS contract......THUMP
I just fell on the ground thinking about it




Have a happy and prosperous 2018 Rob