get ready to purrrrrrrrrrrrrr, page-134

They mentioned a Gekko processing plant in the recent investor presentation.

For example, the Gekko Python plant processes 250 tonnes per hour.

Assuming the grade and recovery stacks up to 4.8 g/t of gold and 119.66 g/t of silver per the investor presentation 16.2 tonne bulk sampling (I am leaving out the PGM credits).

Per hour, that would be 1,200g of gold and 29,915g of silver.

42.32 ounces of gold per hour and 1055 ounces of silver per hour.

Using a gold price of $2,500 AUD per ounce = $105,800 per hour
Using a silver price of $35 AUD per ounce = $36,925 per hour

If we assume 7 hours per day operating time = $740,600 in gold (296.24 ounces) and $258,475 in silver (7,385 ounces).

Of course this is all based upon what is reported in the investor presentation and they will have to bring the Gold and Silver resource into JORC compliance and conduct the metallurgical study. We don't actually have a grade on the silver at the moment apart from what is reported from the bulk sampling -- I'm very keen on the silver component as the grade seems exceptionally high but it needs to be proven.

But I am loving the potential here for a low capex operation with the possibility of increased resources. However, none of this is JORC complaint yet and they are re-assaying the previous samples and the new samples before completing the acquisition.