200,000 tonne bulk sample, page-10

Aussienorm,
I think you misunderstood the $14,000,000 being recieved this quarter.
They will make a profit of about $30 AUD a tonne from the bulk sample that $14,000,000 recieved is from the bulk sample doesn't state the profit margin.
The way i look at it in the cashflow costs for the quarter they look to spend $10,000,000 including admin and financing costs.
So that leaves $4,000,000 profit margin after all costs.....

So the way i see it this is a very good quarterly and the company is in good shape moving towards EIS approval and finally mining.

This is very sheap sub 10 cents in my mind