Ann: CEO's Address to Shareholders, page-6

I am actually surprised the costs were around $1200 an ounce. Even with the stupidly bad numbers, they will still make approx $8 million a year if they continue to produce as is, i.e, 150,000 tonnes at a grade of 6.8g/t giving an approx rate of production of 32.5k ounces (assuming a AUD gold price of approx $1500). Of course, you have to take out the lease payment again in July 2016, but... otherwise.

Of course, it may take months before any semblance of trust can be built to start restoring investors confidence. I do agree that the risk is just how long can they produce at that rate even?

Looking forward to hearing from posters who attended the AGM.