Mitzu, this is the way the i see it. Target is 18000 ounces per annum with a production cost of $700 per ounce. If we half that to 9000 ounces to be conservative, we could hope this quarter to produce 2250 ounces. On the low side and with the current POG we could expect $300 per ounce profit which would be $675000 for the quarter or $2,700,000 for the year. With a low p/e of 30 we would be almost 1c. That doesn't include the copper circuit at all.
Ann: Results of Shareholder Meeting held 9 February 2015, page-10
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