Total revenue for the year totalled 26 million! Great result.
What really caught my eye was this
The Short-Term Strategy of the Company is to continue drilling the mineralised dyke at the A1 Underground Mine at depth to prove up further mining areas and extend the mine life, open up additional mines, including the Union Hill and Nuggetty Underground Gold Mines at Maldon with the aim of producing +25,000 oz gold per annum, targeting All in Sustaining Costs below A$1,000 per oz to generate free cash of circa $15 million per annum.
This is the short term goal and very achievable yet we have a market cap of 12 mill!
Good to read again how Dale Rogers our top guy has taken a 40 million company to be a billion dollar company and also chairman of primary gold and Phoenix gold acquired by evolution last year. He knows what he's doing in this space, that's for sure.
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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