Caloma 2 resource estimate is due by the end of this month. A decent size deposit should translate into a longer mine life and a higher NPV for the Tomingley project which should lead to a higher share price.
We've been hovering around the 40c mark for a while now. 2014 is still looking promising with Tomingley production commencing. With 65,000 oz projected production and a margin of about $380 per ounce at today's prices that's EBITDA of $24.7 million.
shareprice, page-2
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