Yes, and didn't that article just make you want to double your...

Yes, and didn't that article just make you want to double your holding ... Banks will be falling over themselves to lend as the money ... A 12month or less fixed term loan will do

According to the BFS, at a gold price of AUD$1600, the project is projected to earn over it's lifetime of 8.5 years, a base pre-tax IRR of 155% and to payback it's initial capex within 12 months. Assuming a gold price of $1800, we modeled that the project would earn an IRR of around 300% and payback it's inital capex in around 7 months; almost unheard of economics for a commodity project. Taking a discounted equity multiple approach, we modelled that the project would return almost $8 for every $1 of capex spent over its lifetime. EAR's all in sustaining cost ('AISC') for the life of the mine is projected to be around $1270 an ounce however, we expect this figure to fall in the optimised BFS.