Ann: Owner Mining Commences at Granville, page-87

nope.

however can someone help me here. the company estimates opex at 130k aud a month now as owner miners. at the previous 17300k thats only 7.5 ton a month?

allowing for a rough 20% discount for jemroks margins. it bumps up to 9 tonnes a month.... putting us at roughly 1.7 million a year profit. 30k rev- 13450k opex × 9t x 12 mths.

these dont seem like big numbers... certainly not the 5m we were expecting. unless of course they will produce far more than 7-9 tonne a month (which would be likely in my mind).. if this is the case then are margins and projected profit will be much much higher than previous estimates. i think they tried to hint at this without getting an asx slap for aspirational comments.

7-9 tonne a month just seems a very low number.