https://hotcopper.com.au/posts/34655816/single
This is what shareholders were expecting/ Led to believe at the time
You can't blame them either!
''Given the first 30days are already written off, if we assume 100oz a day for 60 days as
they achieved 110-120 on both the 27 and 30 of July production is roughly 6000 ozs
which is 9.6million at a gold price of $1600 AUD. Which based on the outgoings of
3million for the quarter provides an ASIC of $500/oz.''
Ann: Quarterly Activities Report - June 2018, page-126
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