HiIt will be interesting to see the range of EPS broker...

Hi
It will be interesting to see the range of EPS broker forecasts, based on the 2.397 B shares.
Using an increase in AISC, from the approx. $1,300 (DFS) to $1,400, an exchange rate of $1 Aust = $0.68 US and annual output of 550,000 Oz the following after tax EPS seem possible:

At $2,300 US oz = $0.32 Aust
At $2,100 US oz = $0.27 Aust
At $1,900 US oz = $0.22 Aust
At $1,700 US oz = $0.18 Aust
At $1,500 US oz = $0.13 Aust.

My understanding is that the mine will be capable of increasing the DFS forecast output - e.g to 600,000 Oz plus the possible extra 150,000 OZ p.a from the regional deposits. Both seem likely and within the control of management - plus there is a reasonable prospect of significantly more resource discoveries. For these reasons I think that the risk reward proposition warrants continuing to hold.