proposed $16.5m capital raise, page-48

during CGT's recent 6 month spending spree they have proven that they can mine and process at the rate of 200,000 tpa, which was previously stated as their target, so Mako looks to be good for 6 months of mining after they do about 400 metres of tunnelling, which will be about three months work

based on the Snowden report, 6 months of mining Mako looks likely to generate revenues of about $55 million, cash costs at $750 per ounce leads to total cash costs of about $25 million and total other non-operational costs probably about $7 million leading to $23 million profit for the half year of mining Mako

the numbers look good - the Snowden report should have been released before the trading halt I reckon