Ann: Significant Exploration Results Continue at EMR Prospects, page-15

Welds,

We can speculate about where our prospective sp might end up, and it seems you and i are in the same ball park.

What time frame have you got pegged for $6?

Im thinking ,

Okvau
Memot ( stand alone operation )
Bseye

with those 2 additional operations a cross of self funded, minimal borrowings, no dilution,
with a production profile of somewhere between 300 to 350 k ozs p/a
the best cost managers in the game
aisc from combined ops of $1400 / $1500 aud per oz ( which has a buffer built in )
gold price of $3000 aud per oz

Im just speculating but thats whats on the back of my envelope at the moment.

I acknowledge one of the posters today saying we look fully priced, but i can see why anyone with a slightly longer lense, might be happy to pay $3.30, $3.40 and upwards.

Good luck all,