cheer up everyone

Using the company briefings:

(1)Base scenario cash costs per tonne $150, 150,000 tonne per annum gold price AUS$1000 grade 8 gpt

annual cash flow 265-150x150,000 = $17million

(2)achievable scenario

costs per tonne $125 200,000 tonn pa 12gpt grade AUs$1000

annual cash flow 400-125 x 200,000 = $55 million

Those numbers are seriously impressive for a compnay now with a market cap of $50 million

Question is how much further share dilution to build a plant and produce

can they borrow a bit, avoid dilution and hedge one year at a great price? they can only borrow if they do a bankeable feasibility study

to go to the market may mean doubling the shares on issue