100 million dollars

Taking into account March, April ,May , June ore which will be milled @ approx 33 grams per tonne @ 10,000 tonnes per month that equates to over 41,000 ounces of gold.
This equates to over $50 million dollars of revenue.

So if we are conservative and say by end of June Ramelius only mills 35,000 tonnes @ 20 grams per tonne we get 22,000 ounces which equates to over $ 27 million dollars.

At 15th March the company stated that they have over $ 70 million dollars and no debt. Therefore by end of June they should have about $ 100 million give or take $ 10 million after expenses/tax/other. ( not including interest from having that much money in the bank ).

The mine life will go to at least June next year, so thats another year of producing. ( The company expects to be @ Wattle Dam a lot longer than that but we are being conservative here ). At 46.5c the company is worth $135 million dollars so unless the company throws there money away there seems to be not much downside. ( By looking at there last two joint ventures they seem to be playing it very conservatively on the spending front and keeping their money tight ).

So thats the conservative side. If grades are anything like the past @ 2 - 3 times estimated and they extend the mine life ( which stands a very good chance even when your being very conservative ) its mine blowing ..........

CASH IS KING.....