Bulk Sampling Programme, page-13

Let's put our imagination hands on and say NTL does bring 100,000t down the mountain and it holds true to the 23g/t grade.

Let's say NTL brings down 230,000 ounces with an AISC or C3 cost (including toll treatment, whichever measure suits you) of... say... $1300NZ per ounce, with a gold price of about $1700NZ per ounce.

Look, honestly, I would be perfectly happy with the resultant $32,000,000 gross annual pre-tax pre-royalties pre-whatever profit.

Hell, OGC bought Waihi for $101m 2-3 years ago - wonder what NTL would be worth on those numbers.