Ann: Further High Grade Gold Intersections at Def, page-37

re: Ann: Further High Grade Gold Intersection... I kinda expected this.... many will forget the 300$+ rise in POG when sp was 90c and focus on the 100$ drop (Which i must say is a really needed correction to sustain the bull run).

There are still buyers lurking out there. Someone just bought 500k at 90c.

Some reminders
- IRR of 83%
- NPV of $187 million ? likely to increase significantly
- Cash surplus of $427 million after payback of capital costs
- Capital cost of $52 million and State Royalties including A$19 million for plant upgrade and A$12 million for the first three months working capital
- Annual production of 50,000 ounces gold, 2,000 tonnes copper and 34,600 ounces silver
- Cash costs over first ten year life of mine estimated at $524 an ounce
- Contained gold ounces of 578,000 ounces (comprising 100,000 ounces open pit and 478,000 ounces underground)
- Estimated average production grade of ore ranges from 4.1g/t gold to 6.5g/t gold