pfs calcs $150million profit/yr amazing eps!, page-5

"Not many businesses on the ASX have an annual profit equal to initial Capex the way IndoCHine does!"

CVR are aiming for $27m gross profit with a CAPEX of $13m so less than half.

They also have an MOU in place to produce a likely 25k ounces through toll treatment with ZERO CAPEX.

They are also looking to add another 12k ounces per year via building a third heap leach pad at their current mine.

So let's see that's about:

$24.5m + $12m + $15.5m = $52m annual profit at $1600 gold price on a $13m CAPEX.

That's 4 times the CAPEX cost and over double the current market cap.

Gotta think outside the box.