Ann: Australian Resources Conference presentation, page-4

No just the actual Heap leach operation 25koz p.a planned has a est. $900oz AUD AISC -12.5mill EBIT

Total AISC is hard to know with the two toll treatment deals ...that IMHO could well be a longer term plan

Kintore gold project -Greenfield plant producing 15-20koz p.a ? =15-20mill EBIT

Norton J.V = 8mill EBIT

-35mill-40mill+ EBIT

And from want I understand we'll going need round 20mill+ to see the Heap leach operation underway..

Stupidly cheap even if this is all PXG have p.a