Good sign seeing 2 directors buy shares.The quarterly...

Good sign seeing 2 directors buy shares.
The quarterly effectively showed a profit of $20.4m if you add stamp duty costs and other costs for Igr takeover.

Big cash costs setting up Murchison are all payed for and we still have $20m in bank.

These financials did not include any financial figures from Igr.

Igr has largely developed Cock Eyed Bob underground and that will come on stream once the new merger plan is completed.Maxwells is a large high grade deposit and Imperial is shaping up similar.

Production will ramp to 300kozs reasonably quickly and with further plant upgrade and Igr underground I am sure the target of 400k ozs will be achieved.

A very profitable company even at these gold prices.