Honestly I do not care, now the holding is worth about $2.4Mil but I guess they want to get twice as much or more.
This funds will be used for the gold mine development I hope. All we need is 25,000/oz/year with profit of $400/oz and that is really conservative when you look at the gold price AUD $1,600/oz.
Ann: Drilling Starts at Jumbuck Gold Project, page-8
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