They say 1.5m oz in 2-3years. Hopefully one million by first half of next year.
We have around $7.5 million in cash according to table below. Let's say we spend $5m on drilling in next 12 months. Discovery cost was $17 / oz and they say it will now be incrementally cheaper, so let's say $12 / oz, then $5m should uncover a further 420,000 oz next year. Based on that I would say we should be close to 1.5 million by end of next year. More importantly indicated oz category should be substantially higher.
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REDCASTLE RESOURCES LIMITED
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