when the paint dries what's the picture?

Based on the current gold price, versus recently released Feasibility Study figures, I would suggest a fairly rosy future for all concerned.

I note with some interest that the projected cash surplus figures, as follows, were based on a gold price of USD$1,100.

THE TOUQUOY DFS
Net cash surplus (ungeared, pre-tax) Project: A$164 million (C$147 million)
NPV (8%, ungeared, pre-tax) Project: A$88 million
NPV (5%, ungeared, pre-tax) Project: C$101 million

Touquoy-Cochrane Hill Gold Project
Net cash surplus
(ungeared, pre-tax)
Project: A$350M (C$315M)
NPV (8%, ungeared, pre-tax) Project: A$164M
NPV (5%, ungeared, pre-tax) Project: C$197M

Gold price currently USD$1,225=approximately 20% higher than used in the Feasibility Study.

Full details at:
http://www.atlanticgold.com.au/pdf/quarterly_reports/ATV_Jun_2010_Qtr_Rpt.pdf

I would expect that the cash surpluses would be suitably enhanced based on the prevailing conditions.

Windfall profits? Quite possibly in the offing.

However as discussed historically on HC, the paint they have used on the train is certainly taking some time to dry. However once it finally does it will be all aboard, with late comers paying premiums for tickets.

Discount passes still available on the ASX at 3.9 cents each.