"Production from the Santa Rosa tailings is expected to total...

"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."
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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!