friday little leg rally, page-5

re: a brief history for those interested... eccoi...

Agree, they look like eventually becoming a top 10 aussie producer...but the nature of their resource and the resulting production costs incurred will always be pivotal to LEG's success.

Lets just hope, with Creasy at the helm (by proxy or otherwise), that things are different this time round.

As I see it, assuming all goes to plan, LEG's Gidgee ground alone should facilitate net income approaching $50m+ next financial year...so assuming costs can be kept within acceptable limits, we could be looking at an eps nearing 7cps within the year.

This might be wishfull thinking, but my suspicions are that production may be at least doubled next time they crank up Gidgee.

The key to their future however, as I see it, will still be directly related to how many ounces they can eventually bring to reserve status and the resulting expanded operation it would support.

Cheers!