From annmnt "In the Mineral Resources and Ore Reserves Report...

From annmnt

"In the Mineral Resources and Ore Reserves Report 2012 (Technical Report) the Economic Analysis confirms that with a $50 million cash investment into the project the discounted cash flows for the first 15 years of the project derive a net present value of $742 million using a discount rate of 20%. This clearly indicates the substantial value of the project that is now on the path towards being realised. All of the underlying assumptions are available in the Technical Report, including the use of an Australian dollar gold price circa $1500 (very similar to the current gold price in Australian dollars).

The mining to date at both the Central and Imperial areas has helped de-risk the project, this coupled with the infrastructure created over the same time has helped add substantial value to the Charters Towers project and will help path the way for an expansion using proven mining techniques as well as the latest technology to build one of the most productive, low cost mining operations in Australia."

Kingsford Investments Group

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Column 1 0 Kingsford Investment Groups Ltd. is an international private investment company with a clear vision to add value from diversified investing and successful realization of investment opportunities in a global market.Our teamwork manage a varied, dynamic portfolio including interests in oil & gas, energy, green energy, property, securities, bank instruments, private equity, investments and ownership in operating businesses.We are an active and strategic investor, balancing solid business disciplines with entrepreneurial expertise and using its wide network of international contacts to assist investors in achieving their strategic goal, whether it is in new markets or specific geographic locations.We make investments in companies where we can add strategic value and capital to accelerate corporate growth. Target investments will typically have the potential for significant expansion, solid earnings, high barriers to entry, profitability, excellent management team as well as high cash flow generation.Our key strength is that we keep focused and continue building successful investment relationships across a broad range of interests in the investment communities.

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Still doesn't tell us where the cash comes from tho.

d.