september-11 quarterly

Im expecting good results in this one

17,500 ounces @ cost $1150 and this is a conservative figure

Assuming it is sold on average at a price of $1500 per ounce, again a conservative figure considering gold prices, should leave Apex with $6,125,000 for expenses such as admin, development etc etc, and as these expenses should not be that high, should start seeing some positive flow from this company.

I have looked at the past quarterly, looked at the data provided and made these assumptions based on that.

My assumptions I do believe are VERY CONSERVATIVE

Have a nice one and GO THE ALL BLACKS :)