high grade drill resultsM, page-11

Hey Bobcat,

Here it is:

Revenue from gold sales $286M at average
gold price received of A$1,406/oz
• Reported NPAT of $23M
• Solid first half gold production to
31 December of 182,405oz
• Cash Cost per ounce of gold produced was
$937/oz, All-In Sustaining cost of $1,162/oz
• Positive cash flow from operations in excess
of $50m despite weaker gold price
• Market value of cash, bullion and
investments of $50m

All-In Sustaining cost of $1,162/oz , (This is in US$$)

As I have been saying before RSG is dirt cheap with a Mcap of less the $400 million.
As a buyer I would have rather taken out RSG for $400 Million with its producing mines and around 8 million oz of reserves and resources then paying another close to $200 million more for PIR.

The way we see the share price of RSG being washed rinsed and repeated on a constant basis should be investigated by ASIC if they one day wake up from their deep sleep sessions.

Fundamentally this company is more then just sound imho its a big BUY.

jojo