Ann: Continued Ramp Up In Production at Kanmantoo, page-21

Very quite on the forum.

There certainly are a lot of grade and through put options.

Thought you might like to have a crack at the share price forecast if they can throw off operating cash flow of 12.2c a share running the plant full at ES grades while recovering 85% of the gold at todays prices, using ES costs escalated 5 %.

A bit of that cash flow would be zapped by non operating costs and a wack by tax so NPAT of circa 8 c /share . It would be great to see that trade on a decent PER.

It will be good when we get the next update as a miner to confirm where costs are sitting.