Look at their presentation. Their goals are for 10yr+ LOM,...

Look at their presentation. Their goals are for 10yr+ LOM, 50,000 p.a. oz and to mine over 1m oz

Currently they only produce at 27.5k oz p.a. so they must either be thinking they are going to get higher grades or they will invest and expand the mines capacity once they get their next resource from the drilling program

If they hit these targets this company will repay your current investment at 4c 10 fold

They have no debt, no exorbitant executive salaries, kms of paleo channel to drill, and have only reported on 2 of the 8 drill programs they have in place for this year. The Black Cat south one so far looks promising, but I am no mining expert and can't guess at what the resource might be

Say they pay a dividend in the March qtr, they will likely have ~ $20m cash in the bank at that stage. Say they decide to pay out half of that as a dividend. That's a nice 8.7% yield on current market cap and that dividend is based almost on half a years work after they paid off $18m in debentures