CGU 0.00% 2.9¢ commissioners gold limited

1250 ounces

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    "Production from the Santa Rosa tailings is expected to total around 10,000 ounces per annum, of which CGU’s share is 1,250 ounces."
    _______________________

    Assuming a gold price of $1500 per ounce, at a cash cost of $500 per ounce:

    1250 x 1000 = $1,250,000 revenue annually before tax.

    Current Market cap is $2,230,000.

    Not a bad deal!

    And management obviously respect shareholders:

    "Executive Chairman Chris Battye and Director Wes Harder continue to postpone their respective Board Remuneration until the Company enters production mode."

    Probably because Chris Battye holds 22% of the stock himself!
 
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Currently unlisted public company.

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