apparently a lot of those costs were tied into ramping up the...

apparently a lot of those costs were tied into ramping up the mill. savings of $150 per month are expected so might get down to $500 an ounce labour costs.

how i see it is 1.5 million ounces JORC x $800AUD (net labour costs and at current prices)= $1.2 billion resource in the ground. and they believe their exploration could take JORC resources up to 5 million ounces. also talk of a second mill at Murchison which should see annual production of 80k ounces.

and the current market cap is $35 million?

make up your own minds.