If we can hit the milestones in the presentation (tertiary crusher, heap leach, etc), we should be alright. Costs should come down to under $A1000/oz and we should be producing 45koz/annum.
At gold A$1500, that's a 22m p/a profit. We would spend probably halve of that on drilling/ extending resources.
Barring any mishaps, we should get there but we will be thin on money so this credit facility that is still being worked on by the company is important.
Gold at $A/1200 and Murchison will not be profitable though; that is the risk. Gold at $2000 and the numbers start to look pretty good, especially considering the company is now worth 30m.
If we can hit the milestones in the presentation (tertiary...
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