Ann: Red 5 2016 Annual Report-RED.AX, page-4

What hope for shareholder returns?

If the all-in cost of production is A$1,458 and the gold is sold at a price of A$1,612, that's a profit of $154 per ounce.

The forecast production is 60,000 ounces over an 8-year mine life. That suggests a net profit of $9.2 million per year, for 8 years.

Dividing the $9 million net profit by the 762 million shares on issue suggests a theoretical dividend of 1.2 cents per share is possible (if they don't re-invest any of the profits).

At some point, shareholders nee to see a dividend, otherwise what's the point of giving them our money? 8 years does not seem to be a long mine life.