Although currently an Inferred JORG complient resource estimate Goa has 460,000oz @ 0.5g/t cut off grade
If they manage to produce 40,000 oz per annum at a cost of $800 / oz Thats $36 mill clear a year GOA worth holding on to IMO only This is the most exciting announcement for me as it will provide the potential for the company to be self funded and it is this sort of potential which will draw serious investors and from that the share price will move northward.
GOA Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held