With the JORC now $1.2bn based on alluvials alone, the annual report provides some interesting figures;
$120m in capital on the ASX
200% increase in output over last year
Another 4 years of licensed alluvial operations
50% improvement to net assets
Roughly 30% profit generated on cost of MINING activities - does not account for cash raising
It's a wonder this isn't trading closer to 90 cents to $1.
With the JORC now $1.2bn based on alluvials alone, the annual...
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