"Not many businesses on the ASX have an annual profit equal to...

"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.