very quiet, page-6

Thanks Lawrie.
However, don't forget the notes which will be converted to shares if things go well, so there will be aproximately twice the number of shares as you have used in your calculation and so half the profit per share.

However, offsetting that is the possibility that costs per oz may come down even further when they start extracting the higher grades (as they should) and they should be able to get back to much higher quantities of gold processed. They had getting up towards 20,000 oz/qtr a couple of years ago. Optimistically they may get up to that again with higher grades of ore as they are maintaining or improving the tonnage of ore being processed. If that can be achieved again profit will be dramatically increased.