One thing that caught my ear was how he was very convinced of...

One thing that caught my ear was how he was very convinced of 100,000 ounces a year with an AISC below US$1,000

That's like a profit of $200,000,000 Aussie a year and would payback the costs of a processing plant in less than 11 months..

All the geology was excellent...

Many years of successful operation in the past..

The whole town was built around the mine operating in the past.

All those big Gold mines operating nearby..

He even mentioned those big nearby operators would be looking at it to increase there portfolios and they couldn't ignore another +3 million ounces / possibly as big a 5 to 7 million after some more drilling, & buying it for peanuts..

even if they increased the offer to $180,000,000 Aussie total it's still peanuts for those big miners.

Anyway you look at this a market Cap today at just $48 million is a gift.

Let the Chinese play there little games with the shareprice..


It's quite funny looking at the volume each day.... Each day it doesn't matter how much volume is traded, the total bid's stay relatively the same and the total shares to sell stays relatively the same.