Ann: Operational Update, page-29

Fundamental analysis is the basis of my investing - of course I know the more recent history, but given the companies logical approach to drive down costs (very simple and easy to understand what they have done) - well I cant recall anything like this.

NOTE: (That low aussie dollar is so critical to the worth of this company)
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Including their bullion on hand and cash - is just below the total market capitalization of the company

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At 31 March 2022 the Company had $28.2 million in cash, 1,657 oz of bullion on hand and no debt

• FY22 gold production guidance remains in the range of 62,000 oz to 68,000 oz

AND

. As at 31 March 2022, the Company had 665,613 tonnes of stockpiles containing an estimated 22,156 oz of gold;

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Starting a fresh and a very acceptable April

In the month of April, the Davyhurst process plant treated 92,784 tonnes @ 1.82g/t for 5,427 ounces (5,019 ounces recovered). This was a 5% through-put improvement on the previous month and reflects the high priority this area of the business is being afforded

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133,000 ounces or two years of mining at this open pit deposit - is perfect and timely, given what has transpired in the life of the company, so far.......post this two year period, they will be operationally better positioned to grow production and expand the company.

Looks an excellent opportunity on the back of  stakeholders who have supported this company at much higher share prices. Very confident here.