420mln shares @ 9c = $38mln market cap$38mln debt...

420mln shares @ 9c = $38mln market cap
$38mln debt (C/Notes)
248,000 Oz hedged at $875: significantly lower than current spot price but higher than production cost of under $800.
Target production rate of 150,000 Oz per annum with half of this deliver on spot price and the other half to hedged book. Still a signficant margin of approx. $550/OZ on +70,000 OZ P.A.

Low risk entry here with significant upsize potential, i bought two parcel today at 9.2c and 9c (200,000 shares in total).

Good luck.