Ann: RIU Melbourne Resources Round-Up - Presentation, page-4

Paper
Share price has dipped whilst Md is dipping into the trough at the Melbourne festivities.
But, gold is holding and even climbing a smig.
so gold at $A1400 and costs at $A700 ish leaves a good margin ,in fact look at this way
$A700 per ounce margin/6 tonnes of ore to the ounce
$116 PER Tonne margin
Not bad, try getting that out of Iron or Coal

The other takeaway is operations to commence February 2015 ! Hello, happy New Year

Could we would assume there would be a funding announcement imminent and Capital raise or merger not far behind
SP to sky rocket
So why so cheap ?