Ann: Trading Halt, page-27

hmmm, what are these figures?

if you assumed an impossible 100% recovery of the gold, would it not be more like 30,000 x 11g giving 330,000
grams. Divide by 28 to give ozs of around 11k and a total of over $29m

But we sure would not be seeing half of that, as it’s a 50/50 profit share after all mining and processing costs deducted.

Could be that we end up with your $4m figure or quite a bit more though. 11g/t makes for cost effective mining.