re: two bucks by august FedExpress - its mine life is too low at...

re: two bucks by august FedExpress - its mine life is too low at 5yrs to warrant that valuation, sorry, you must be reading a different book from me.

All their mines are open for ore, except Wannaway.
Carnilya Hill will be their next mine and it will be bigger than all the rest, possible put together.

4.75 metres @ 11% is huge! Why do u think Mincor are excited and mobilised another rig to that area.

Work out the turn over for July if they do another 1500 tons at $32,000 OZ a ton, - 33% to BHP, - Costs = Huge.

My calculation is they will have 50 million in the bank and no debt. (including recieveables till 30th June)

Time will tell, but I'm not selling.