initial substantial shareholder notice, page-24

Good post tiger.

Did you read the 30/10/08 Presentation
Mining 2008 Convention?

Your $300/oz may be a little conservative still I'd be more than happy with that for starters :)

"Targeting cash margins of ~A$600/oz (at current gold price)"

http://www.apexminerals.com.au/reports/Mining2008ResourcesConventionBrisbane.pdf

"Proven management team with significant personal interest in the company –
took control in 2006
Clear strategy – gold consolidation in Western Australia unveiled May 2007
World class gold field with 4m oz past production at Wiluna
Existing processing facility and infrastructure
Production within less than 6 weeks (November 08) – FULLY FUNDED
Initial production of ~150,000 oz pa increasing to around 200,000 oz pa
Medium term objective of 500,000 oz pa
Targeting cash margins of ~A$600/oz (at current gold price)
Gold resource inventory ~3m oz (open pit and underground)"