1 troy ounce is 31.1035 grammes. So 80,000 ounces equates to...

1 troy ounce is 31.1035 grammes. So 80,000 ounces equates to mining 232,550 tonnes at 10.7g/t.

At a cost of $431 per ounce and a price of $600 per ounce obtained, this would equal a profit of $13.5 million per annum for Paulsens. The estimated reserve is thought to be 1.44 to 1.2 Mt grading 10.7 to 11.7 g/t Au.

With about 1 billion shares in issue the capitalisation at 5.6 cents is $56 million.

The above does not take unrelated costs into account and a final documented feasibility study by NuStar.

Read the St Barbara " Proposed Restructure of Shareholdings in NuStar Mining Corporation Ltd., " and the Annual Gold esimates from Paulsens on the NuStar website in conjunction with the above.