They have estimated cash flows of around $1.5m a month so $18m p/a....
If you take into account Scholl there is about 5 years of reserves left + plus upside from resource conversion and near mine discoveries...note this doesn't include further cash flow to come form the base metal operations using the Elizabeth hill plant to start up soon.
The big thing is the iron ore. If this comes in as a goer then the share price will see a significant rerating. (how many junior Iron ore plays do you know with a cash flow of $20m per annum :)
They have indicated that drilling of the almighty Mt Oscar deposit will start in November....
They have estimated cash flows of around $1.5m a month so $18m...
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