Ann: Positive Norton Gold Mine Scoping Study, page-11

Forecast of 10,340 Oz over 2 1/2 years!

That is a tiny amount of production for a listed company. Not much room for error and forget about ongoing exploration, corporate overheads etc.

Or am I missing something?

3% dilution for a pit looks a bit thin as does 6% mining loss.

81% recovery (90% then 90% of that)

It doesn't take much to wipe out the profitability for such a boutique deposit. Cost overruns, ore loss, dilution, recoveries, resource upgrade or lack of it, ongoing exploration and corporate costs.

DYOR and tread carefully some say