MON monarch gold mining company limited

The following are forecast gold prices:06(A) 07(E) 08(E) 09(E)...

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    The following are forecast gold prices:
    06(A) 07(E) 08(E) 09(E) 10(E) 11(E) LT(E)
    604 697 788 750 700 650 650 US$/oz
    A/US$
    0.754 0.839 0.945 0.910 0.87 0.830 0.800

    The average price per ounce from the latest graph appears to be about AUD$640 from March next year.
    This then gives a profit/ounce as follows:
    AUD$ 245 248 184 165 143 173

    Now if they achieve 500,000 oz/yr by the end of 08, then the profit should be:
    AUD$m 92 82 72 86

    These figures are only an indication as inflation etc and exchange rates may differ from the original projections.
 
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Currently unlisted public company.

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