below 1 dollar now, page-9

Yaqona - agree with all you have to say...

see if you agree with my VERY basic figures...

Gold A$1,200/oz
Production Costs A$500/oz ($300us as stated in reports)

so $700/oz gross x 40,000/oz (using conservative production figure of 10,000oz less than guidance

gives = $24 million profit

on a market cap of 75 mil roughly, that is a forward PE of 3

and you have to remember that doesnt take into account:
- any value for iron ore offtakes (conservatively worth 10mil year)
- any deal involving the gold processing plants
- the likelihood that gold will bounce back