cash costs and targets, page-4

Worth noting...Simple calculations based on announcement on the 31st August.

Toward the end it says that Bullant is producing APPROX 700 tonnes per day.

30 days in a month = 700 x 30 = 21,000 tonnes of ore (wet or dry??) This equates to around 2,480 ounces of recoverable gold.

As per announcement, last revenue (before haulage & processing costs) was at $2.1million for 10,507 tonnes of ore (dry)- (1,241 ounces of recoverable gold).

So based on above calcs. of 21,000 tonnes of ore (if dry) means revenue (before haulage & processing costs) could be around $4.2million.

If though we are talking 700 tonnes wet ore, then based on 75% moisture of most soil matrixes this could be on the lower end of 15,800 tonnes produced which still gives us around $3.1million (before haulage & processing costs).

This is considering 7 days a week work and no problems arising.

Not bad at all.

Simple calcs yes. Yet based purely on comparisons and what has been announced. Still though it becomes abvious that this will get some legs soon and bolt - based on current Market Cap.........and some know it!

I am in.