GG - the simple logic is that the supposedly "rumpty" backyard operation or however you described the operation at Sellheim has been very cost efficient. It is a very low cost operation from all accounts.
They are producing gold and they have plenty of territory to continue the operation. The gold price is good at the moment and likely to increase in 2009. But even if it went down this alluvial operation is going to make money fairly comfortably. Much to your chagrin and disbelief I'm afraid.
maximus selling gold at au$1900 an ounce, page-48
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