currently has a jorc resource of 1.5 million ounces of gold. is hopeful of upgrading that resource to 5 million ounces. annual production of 35-40k ounces. labor costs $600-$700AUD an ounce.
last quarterly profited $3 million NET.
gold just cracked $1440AUD an ounce.
do the maths. could rise to $1+ very quickly if the spectacular gains seen in the gold price come across to the small/mid cap producers?
great junior gold producer
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