Ann: Randalls Gold Project Feasibility Study , page-9

Looks good to me:

"Key Outcomes
�� Proposed two-phase development of the Randalls Gold Project with potential production of +630,000oz over 10 years
�� Phase 1 outcomes include:
�� Pre-Tax Operating Profit of A$192M
�� Net Pre-Tax Profit after Capital of A$128M
�� Capital Cost reduced by 27% to $64M
�� IRR increased to 71%
�� Production of 75,000oz pa
�� Estimated A$574/oz cash cost (see Note 1)
�� Open pit Ore Reserves of 320,000oz
�� Estimated average production grade of 3.1 g/t gold
�� Phase 2 potential open pit production:
�� An additional 330,000oz recovered
�� Estimated average production grade of 2.4 g/t gold
�� Net Pre-tax Profit of an additional A$120 million
�� Total Phase 1 plus Phase 2 estimated Pre-tax Profit after Capital of A$248 million
�� Gold production planned in mid-2010."