Ann: Chatree Gold Mine Delivering Good Ounces, page-20

At this rate it's + 50,000 ounces per annum. ( using only1 plant, using crap stockpile, EXCELLENT )

• 370 tonnes per hour x 24 hours x 365 days a year = 3.241 million tonnes per annum.
• at 0.52 gpt = 3,241,000 x 0.52 gpt = 1,685,320 x 85% recovery = 1,432,522 gramms

• At $3,000 Aussie Dollar Gold price, we must be making a margin of well north of aussie $1,200 an ounce or $ 60,000,000 PROFIT !

Maybe we can see why Ross the Boss said there wouldn't be a capital raise... if we had opened on January 20th and we are making this much cash then he was right.

NOTE: we know the Quartz lease is going to get us north of 0.8 gpt, so at this rate increasing grade to 0.8gpt means 77,739 ounces of Gold & +$93 million profit.


Game over...

Placement Barry is about to get the tissue....


NOTE 2: This cash flow means nearly all Neuva Esperanza Sale proceeds would be able to be used in a buyback or special dividend or combination of both!