producing 40k ozs pa @ $750/oz cost = 1.4c pa

Shares: 1815m + 40m 2c unlisted options
Cash $5m

***Mt Morgan***
Producing 40k oz's pa @ $750 cash cost using $1400 gold price = $26m free cash = 1.4c a share per annum free cash

JORC 3.85Mt's @ 5g/tAu = 560koz's Au so 14yr mine life or 10yr using conservative recoverable ore



***Indee***
51% Carried by Chinese

Looks cheap on Mt Morgan production
Can see this ending up as a cash box after a year or so of production