mxr resource update on brr, page-2

http://www.brr.com.au/event/49308/resource-upgrade-at-bird-in-hand

the interview has info in addition to that which is in the friday ann'.

Namely, mention of 100,000 oz per year for 10 years if all goes according to plans and further resource identification in the Adelaide Hills tenements/ mines.
If they can keep mining costs around $450/oz and sell into a forward gold price of about $900 an oz, it generates a net figure of $45m per annum for 10 years if that's what ends up happening in relation to resource, gold price and production costs etc.
The size of the large gold resource target is a bit of a surprise ( a welcome surprise). They have done the scoping study and ticked that box and are now into the pre feasibility. The fact that they are in full swing with the Selheim gold mining operations shows they are not like some gold companies that sit around with a resource......with Maximus, they seem to get on with the identification, the planning and once they know they have an economic resource, they get into production which I like as Maximus is still a relatively new company with initiative.
The BRR interview is well worth listening to in conjunction with reading the resource upgrade ann' from last friday.