do the numbers stack up?

doing a quick, back of the envelope calculation..

margin on per ounce of gold = aud$500 (1,100 - 600)

the 150k ounces from brightstar spread over 4 years = 37.5k ounces per yr.

for the 6 months from 1 jan 10 to 30 jun 10, they should be producing and thus generating cash = 6 months of production = 18.75K ounces @ $500 margin/ounce = 9.4m

if we took last years expenses of 4.3m and doubled it to 8.6m (highly unrealistic and ultra conservative)

9.4m - 8.6m = 0.8m in profit

i have taken a very conservative view... it looks like we will make a profit for the full year to jun 10

i really like this stock, its fundamenatally sound and the numbers add up..