Ann: Tick Hill Maiden Gold Resource, page-18

G'day Peppie, it's the entire company cost structure. If you can produce a product and get it to market at a reasonable profit, then you have a mine regardless of the richness of the deposit. I don't know Ilukas' daily burn so I can't comment on it's operation but I can say that their Balranald deposit at 32% has got to be a spinner when it gets into production. Diatreme is going to produce a concentrate and sell this to China for processing. Diatreme is, as far as I'm concerned, already owned by the Chinese so there will be no money problem. They'll make a takeover offer soon and I rest assured that it'll be bloody low, however there's already the Beers' valuation so I'm thinking it would have to be at least half of that. Tick Hill is asured as a profitable project but may not have any real input into the offer price. Just my rambling thoughts.