Ann: Ore Processing update Penny’s Find Gold Mine, page-22

Lol!
The Good King

But no Wenceslas feasts today Especially not for the people sacked at Maximus poor blighters
Nor a smorgasbord of ASX trading delight despite the encouraging announcement ...
which is a shame . But today the gold price is low - $1650 or thereabouts.

The reality is 56,000 ounces until at least March.
But we only have 60% of that ie 33,600 ounces
At today’s value this leaves $55.5 million due to Empire .
And after past debt and JORC payments are made something for the shareholders to be happy with ?
Not sure what debt is at present
Don’t think they have mentioned JORC either .
At WPG it’s been running at $1700 an ounce. GCY estimates just under 1000 per ounce.

Does anyone know ?

Cheers