am i missing something.

Gold production.

Gravity Processing only.

1300 oz per quarter @ $1700 per oz = 2.21 million x 4 = 8.84 mil per year

Cyanide circuit. ( bit of an unknown currently)...but based on figures given in agm and brokers report.

Should process 500m3 per month. Expected recovery or 1oz per tonne. Does this mean they are expecting to produce another 500oz a month.?But we do have this info..." Approximately 100 ounces from late October to November 23rd. So let's go very conservative with another 150 oz per month.

450 oz per quarter @ 1700per oz = 765,000 x 4 = 3.06 million.



So approx 12 million in gold revenue a yea for a Market cap of approx 25 mil.

18 mill in revenue for drilling last financial year.

Exploration drilling in 2012 occurring at 5 sites in 2012.