Current Gold price: (US$906) @ A$8780 Conversion = A$1,031.89c...

Current Gold price: (US$906) @ A$8780 Conversion = A$1,031.89c per ounce now being produced by VRE.

A$1,031.89c per ounce x 10,000ozs. produced per month
at Bronzewing = A$10,318,900 revenue per month.

A$547 per ounce Cost to Produce.
Profit Margin = A$484.89 per ounce
(equivalent to 46.99% GP)

x 10,000ozs = A$4,848,900 GP per month

x 12 Months = A$58,186,800 GP per year


VRE Bronzewing Project delivers $5M for every $10
increment increase in Gold Price.


A$1030/oz delivers A$172M free cash
(up A$65M in last 3.5 mths)and counting/climbing.


100% un-hedged gives full leverage to future Gold price rises.

......... makes the mouth water, doesn't it?

wrxsti