Thanks LK, the JV was 50% for GSR, its not GSR fault if FMR made...

Thanks LK, the JV was 50% for GSR, its not GSR fault if FMR made a loss, arent they supposed to be in the Milling Buisness with GOLD Prices at a all time high even back in that Quarter still a profit would of been made, unsatisfactory answer I believe!

in USD



$2,615 AUD/oz of GOLD

64,000t produced 2,671oz of Gold av 4.18oz per tonne
30,000t produced 2.078oz of Gold av. 6.92 oz per tonne

25,000t sould be roughly the average of both oz per tonne 5.545oz/t = Approx 1,362.5oz of Gold

1.362.5 X Price of Gold now


= $4.2M AUD in total 50% to GSR = $2.1M AUD guesstimation if that ore was processed now

or its been processed and FMR kept the cash?