Ann: Karouni Gold Project Update, page-101

GP UP
TRY DOWN!
yep valued as an explorer not a producer.

JORC UG still not released,
Higher GP will boost revenues and may change economics for some marginal deposits, they need mill feed from higher grades.

If the UG has 500K oz thats a 10 year LOM and the drill to it has oz also so less cost.
Surprising that goldstar Hicks 4 OC didnt come through as expected after good long drill results.
yet its at historic lows but volume selling has stopped and this 4.4-4.7 range seems to be holding for now.
Ruffer must be upset after going in at 18c in 2016 and then again at 12c.

No current debt til 2023 and $9M cash/inventory with revenue to July so a corporate deal or new mine in the works?