operations update-mamahak, page-3

Well there you go. They are getting roughly $100 FOB barge which is great as a operation like that should have mining costs of around $65 per tonne which equates to around $35 per tonne profit. Nice start and looking forward to seeing the increase in production. Now considering that they are getting paid once it hits the stockpile there should be an immediate cash flow to the company.

All looking good. I bet a few people are going to be wishing that they were a bit more patient.