cash balance prediction?, page-11

JMAN006,

Correct! "artistic license during the modeling phase"

was it ever JORC, was any of it drilled out or simply guesstimated from a few drills. Jorc as I understand includes the word "viable".

Watpack is LARGE equipment (oh BUT WITH A GOOD PRICE) however smaller equipment and more experience operators would have saved AAM the cost of milling DIRT for the first 6 months.

The current grades of 1.3g/t is not viable.
Last report shows a loss of $200 per oz

JW reported a resource averaging 4g/t and that coupled with this mill would have made a real profit.

Last time JW reported to the ASX the resource was in g/t no oz/t. Looks bigger that way!

Possibly many of the best bits were flogged to Regis and St George and now BHP is spending $6million on Narnoo... "It's NON CORE" go ask JW and the Chairman .... who signed the deal to sell these and WHY?