Another good set of numbers. Capex being well managed. Only...

Another good set of numbers.

Capex being well managed. Only increased due to doubling the plant which adds more value. We haven't seen a cost blow out (Tungsten West announced another convertible note on Friday for 7m pounds, at 20% interest).

The opex has actually reduced from $118 to $104. Again a great result given all the other projects are seeing cost blow outs. Looks like we have a good mining partner in Goldings. Important to note. WE HAVE VERY LITTLE INTEREST RATE RISK.

Payback is below 1 year. How many investments have a payback period less than 1?? I don't think Kevin wanted to put the number of months.

THIS ONLY INCLUDES THE OPEN PIT. IT DOESN'T INCLUDE THE UNDERGROUND. IT ONLY INCLUDES 19% OF THE KNOWN RESOURCE.
and as the drilling program has shown, there is plenty more to come.

They haven't had the money to completely drill out the resource. But the above numbers suggest that will only be a matter of time (short). An extensive drilling program will show how big this deposit is. The most pleasing part of the recent drilling program is it confirmed Tony's team (geologists) reading of the deposit. As he has said a number of times. This is a multi-generational deposit (60+ years). This BFS only covers 7.

Buyers at these levels got an early Christmas present today.

Well done to management and board.