From December 2011 hedge ann.."The average price received over...

From December 2011 hedge ann..

"The average price received over the facility term is A$1,847 per ounce which is above historical Australian gold pricing. The forward delivery price for the last delivery of gold is A$1,920 per ounce, which is higher than the gold spot price has ever traded"

50,000 x $1847 = $ 92,350,000

From todays ann...

"Taking advantage of the recent weakness in gold prices, Mutiny, in conjunction with adviser Noahs Rule and a $75m gold buying facility provided by Credit Suisse, traded in the gold market of the London Metals Exchange and purchased 50,000oz of gold at an average price of $1,491/oz."

50,000 x $1491 = $74,550,000

$92,350,000 - $74,550,000 = $17,800,000 difference less costs to borrow the $75M

Payback the $11M from the 17.8 leaves $6.8M less costs.

Are we cashed up now with a better balance sheet and funded to drill and aggressive expansion??

Get the finance in place and get the drill bit turning asap with some excellent intersections to get the sp higher and oppies converted and hopefully finnce finally bedded down and risk removed??

Thoughts???