when does mining start?, page-2

According to their annual report, late March 2003.
(Report from September 2002)
Open pit 108,500 oz over 22 months; expect cash profit of 49% of A$25.7 m @ $A550/oz; this is 1.3c/share/annum.
Underground 510,000 oz over 8 years; costs aabout the same or less.

Note that I calculate their total costs/oz at about A$310; any rise in POG in $A terms is a bonus. At A$600/oz, I estimate a profit of 1.7c/share/annum.

I've got a reasnable number of DIOs, and wish I could afford more!

PS. Note the company is debt free and hopes to stay that way.