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Yep, sounds most promising:Company Announcement7 June...

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    Yep, sounds most promising:


    Company Announcement
    7 June 2007


    COMPLETION OF PRE-FEASIBILITY STUDY OF PARON GOLD PROJECT IDENTIFIES ROBUST ECONOMICS & DEVELOPMENT POTENTIAL

    • Annual production 43,000 ozs of Gold, 92,000 ozs silver

    • Heap leach operation with 6 year mine life

    • IRR of 35%, NPV of US$22.6 million and annual EBITDA of $US13.2 million

    • Cash costs $US223/oz and total costs of $US324/oz gold equivalent

    • Total resources (JORC Measured, Indicated and Inferred) increased to 318,000 ozs gold and 1,393,000 ozs silver.

 
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