Back to the future, page-78

There is certainly a lot of noise at the moment. No doubt that will be dealt with appropriately.
At this point, I wanted to bring us back to keeping one's eye on the prize as it were.
Below is a rudimentary table with the following assumptions.

Gold at today's price level and a profit per ounce of $1100 AUD ( $USD 850 * 1.35 )
Annual production of 120,000 ounces.
Omitted silver altogether. Omited NE altogether
60c per share per annum proffit.
1/3 of 60c given as a dividend - broken into two 10c dividends annually.
2/3 of 60c is used in the buyback annually.

I suggest this is the lower end of where we expect to be. A number of factors could see us considerably better off than this. Increased grade, investment incentives, royalty reductions, NE dividends, and ultimately extreme sensitivity to the gold price.

If we do see the NE deal go ahead, I personally would like to see the company buy back stock with the full amount of $25M - there are clearly holders who need to/and or want an exit. I would champion them taking on debt if we have revenue in the not too distant future (under 6 months) Any share bought for less than $2 is a huge win for every shareholder on the register. This share has only one way to go and the only REAL factor, is time. Tempus Fugit. The rest is noise