If they extend the high grades 15000t/month is plenty.
Say average grade of 25g/t recovery once newly drilled areas are under production (very achievable given grades of up to 154g/t x 48m found) x 15000 = 375Kg/month x $US25/g = $US9 ($A 11) million/month turnover = likely $A4-5m/month profit = 50-60m/yr profit. Now current MC is about $150m - it is not staying at these prices for long if the resource is further upgraded by more drilling and gold prices keep increasing.
Allowing for risk I reckon this is worth $6-$10 per share minimum once full resource is proven up.
If they extend the high grades 15000t/month is plenty.Say...
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