Ann: Positive Gold Processing Scoping Study Outco, page-6

re: Ann: Positive Gold Processing Scoping Stu... pattyP,

Thanks for this. As a bonus I was offered a very hot looking Russian bride when I went to mediafire.

The big variable is the POG. If you plug in AUD $1200 to the model Option 2 is the best option ($192m profit)...

... thus hedging gold is key to the feasibility of this project.

It is, however, a massive announcement for BSM and very very positive. I am surprised that we are not at 30c on the back of this announcement.

IMO the initial results of this scoping study cannot be understated.

1.3m oz gold equivalent and 3 x technical processes to extract and 3 x economic options at AUD $1200oz and 2 x economic options at AUD $1000oz.


Cheers
John