3d singapore sling, page-28

Resource Capital Research Report As we know now available

-But unfortunately dunno how to put it on the net, however some INVESTMENT POINTS AS FOLLOWS:-

100% focus on commencing gold production at Morning
Star Mine, Woods Point, Eastern Goldfields, Vic.
Historical production at Woods Point underground mine
883koz Au at 26.5g/t; ~7moz production for goldfield.
Current resource 910koz Au with potential to expand.
First bars smelted March 2011: 341g Au and 74.5g Ag,
offsite due to delays in wet commissioning gravity plant
(GPP). Engineering solutions are being implemented.
Initial rate expected to be 12-15kozpa Au, then 25kozpa or
more. A head grade of ~55g/t Au is expected from the 1st
stope of Maxwell Reef (in progress).
Upgrades to haulage system, infrastructure at MS Mine
now in place: new winder system commissioning Mar '11.
Potential for exploration within 20km radius (e.g. All
Nations, Denmark mines) to provide a multi-million oz
resource base to feed the Woods Point processing hub.
NAV5 at US$1400/oz Au is A$0.40/share, (current is
A$0.41), with upside to A$0.57/share. March 2011 cash
forecast is $11m, after $15m placement in 4Q10.

______________________________________________

Anyone that thinks I AM A MUG IS NO FOOL! In triplicate!