Ann: Kalgoorlie - Emerging Gold Producer - Pennys Find Mine, page-115

Thanks Marfis - that's truly cast a more encouraging light on the current situation....
What is your take on the fact that according to a press story ( mining cap? ) there was $60 million worth of gold to be gleaned through simply shovelling the dirt over the next year ( although actually a 9 month job according to NRW who had been going to do the work)....
Of this Empire owns 60%. Looking at the glass half empty ( sorry) and assuming costs etc of 10% of this gives the company a potential of at least $30 million plus or minus according to gold price and unforeseen circumstances ... which doesn't take the price much over 3c a share....... there is potentially more gold deeper although I don't know much about that or why none of the big companies who prospected it in the past decided not to act on it so am just curious about your thoughts on the initial scope of work st Penny's.
Cheers