Ann: Robust Initial Mulgabbie North Mineral Resource Estimate, page-8

Excellent first off MRE, plenty of gold to start a small Heap Leach mine at say 10-20,000 ozs, even that will be very profitable at todays gold prices, considering AISC will be about $1000-$1500/oz.
This will establish a cashflow to finance further drilling along the "8km strike of unlimited potential for multiple deposits in a defined gold corridor", potentially to establish a multi million ounce resource like the adjacent Carosue Dam gold discovery.
Well done AP now for the Scoping Study.
With a market cap of $5 million, has to be one of cheapest gold companies on the ASX with a decent first up resource.