Cash flow guesstimate

Maranoa contains JORC 46,000t at 4.6 g/t au going into vat leach process. Assume trial mining of first 5000t recovers 85% of gold at a guesstimate process cost of A$2,500 per ounce and current gold price of A$5270 oz and REZ collects 80% of profit, equals A$1,803,270. Based on this mornings U.S. gold price and A$ conversion.

Using the same numbers for balance of Maranoa at 41,000t @ 4.6 g.t au yields a profit of $13,931,992. Caution, this is a speculative guesstimate based on currently available published data. Assume that Lamington collects process costs and 20% profit share. In this scenario REZ (IMHO) is extremely undervalued, if they confirm broad outline of these parameters. Current EV is roughly equivalent to cashflow from treating Maranoa ore. Good luck to all longs. I hold a position.