Johnno - 2 years payback might be around right, as startup etcc...

Johnno - 2 years payback might be around right, as startup etcc wont be producing full capacity etc for a while.


MYG will more then likely be making in excess of $1000 margin on per ounce of gold produced. They have some big copper and silver credits to add to the equation as well as some very high grades oof gold.

JG has also staed in some interviews the ground is very stable at deflector and actual mining costs for the gold would also be low as well.

CAPEX costs will probably be more then the $52 million though - im expecting around $65million.

Still with the hedge on the 50000oz gold at probably around a $1250 margin, this could be paid back in a 1 year period at full capacity.

All in all, this will only provide full value to shareholders as exploration success continues, and as mentioned, mill capacity and mine life is extended.

10 bagger? Im sorta doubting it, im expecting this to be a 5 bagger though within the next 2 years.