Giant Flag looks ready to go, page-4

ASIC are now $986 AUD, production at an annualized run rate of 75,000 oz.

Aust gold price now $1,759 per ounce, leaves a nice fat juicy $773 margin and cash flow of approximately $57,000,000 per year.

Allow for tax and profit around $40,000,000

Nice considering market cap only $131 million.

Almost trading at a P/E of 4....!!

Increasing volume today and a close above 0.30 will confirm the break out.


Cheers Lute