look at moy, look at moy............, page-64

Indeed it will:

The Nullagine Gold Project is expected to deliver a net operating cash flow of between $81m and $105m depending on the hedged gold price. It was assumed at $800/$880 last time. With gold up and costs down what else does the market need. had a $50m market cap on Nullagine a few years ago and look at it now with the data now even further in favour.

Won't take long. This ia a very strong buy on project value alone. They could sell her for 2.5X the market cap atm IMO.

2006 parameters:

Tonnes Mined 4.5 Mt
Grade Mined 2.38g/t. Au
Ounces Produced 304,000oz
Production Rate 70koz Au/pa
Cash Cost A$513/oz
Start up Capital Cost A$43 million
Cash operating margin A$287/oz
Cash operating margin (hedged) A$367/oz
Net cash flow A$81M
Net cash flow (hedged) A$105M
IRR 27%
IRR (hedged)42%