Let’s take your best case scenario gold at AUD $3000 = $115mill
Borrowings from auresources $60mill or AUD$92mill and I believe they’ll take every cent if it’s legitimately available (which I don’t believe) for administration/ ‘con’struction / another useless gekko/ new utes and Harley’s leaves $23mill (115-92)
$23mill less LDA share 16% after consolidation $20mill less tax 30% = $14mill attributable to shareholders.
$14 mill best case scenario over how many years and if gold goes down by the time these donkeys get their act together it’s much less.
What an absolute joke.
Ann: Classic Applies for Mining Lease at Forrestania Gold Project, page-36
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