aud down gold up, page-7

Theresa - you missed Dargues...(as you know you did)!

233koz Reserves at good grade of 5.2g/t (Gross $350M at A$1500/oz gold price)
less best cash op cost $700/oz (Less $160M)
less capital cost $70M but not yet financed! (less $70M)
that gives us net $120M
now halve it for interest, contingencies etc
lets say $60M value to be achieved over an initial 5 year mine life

without considering
Resources of 327koz at 6.3g/t (Gross $500M)
and deposit remains open at depth
and excellent near mine exploration grades

Dargues must be beginning to look attractive.

DYOR of course