target 14 cents based on profit forecast

I crunched some number today. In rms presentation 29/11/2012 they have a target of 70,000 ounces pg 13 andoperationg costs of $1100 page 10.

If gold falls to $1200 usd per ounce after the exchange rate conversion we will get $1170.99cents per ounce.

Productoin of 70,000 ounces production with $70 profit margin per ounce gives RMS $4.9 million beofre tax profit at best.

Does the operating cost include smelting charges?

Does does the mill need work?

Will gold hold above 1100?

What is the cost of putting the operation on care and maintenance?

A number of years ago at AGM Kennedy said there is no reason for another capital raising. Can we trust someone who makes lose statements.

My profit guidance for the year is $11 million with gold after tax profit with gold at $1,600 ounce.

You wont see any profit forecast in RMS presentation.