new ann out, page-8

Let me stick my neck out again (please feel free to shoot me down in flames...) and put in my 2c worth from the comfort of my desk.

Assuming, this latest find was the ONLY gold to be processed (and no new plant etc):-

PB said the plant can now run at 120t per day.
So, 250,000 / 120 = 2083 days = 5.7 years.

Total sales of 30,000oz @ $1,150 = 34.5M

$34.5 / 5.7yrs = $6M per year
Looking at the current spend rate, this does not leave much for a dividend....

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I think that the point HEG was trying to make is that there is continuity in the gold seams and that they now know which areas to target.

In the end, the market will digest all the facts and the sentiment will be reflected in the SP.