Current Gold price: (US$925.30) @ A$8887 Conversion =...

Current Gold price: (US$925.30) @ A$8887 Conversion = A$1,041.18c per ounce now being produced by VRE at Bronzewing.

A$1,041.18c per ounce x 10,000ozs. produced per month
at Bronzewing = A$10,411,800 revenue per month.

A$547 per ounce Cost to Produce.
Profit Margin = A$494.18 per ounce
(equivalent to 47.46% G/Profit)

x 10,000ozs = A$4,941,800 G/Profit per month

x 12 Months = A$59,301,600 G/Profit per year


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


A$1040/oz delivers A$177M free cash
(up A$70M from original base case estimate in last 4 mths)and counting/climbing.


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

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

wrxsti