While they have been working through the approvals to mine the gold price has been increasing.
In the released scoping study for the a Crown Prince open cut they gave an estimated distribution surplus of $A21m. This was worked out on an Australian gold price of $A2,000 oz.
Todays gold price of $A2,575 oz, adds another $A12m for distribution. So not all bad news.
Ann: Extension of Closing Date For Share Purchase Plan, page-7
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