Ann: Mincor commences pre-production activities at Widgiemooltha, page-8

According to the presentation paper at the RIU Explorers conference Widgemooltha gold has at present 69,000 oz of gold, which I understand will be mined over the next two years.

At an average gold price of $1600.00/oz (conservative) and an all in mined cost of $1126.00 per oz this gives a margin of $474.00 per oz. Overall this should generate over two years $32.7 million. This cash flow should begin in June 2018.

I am stunned that the market is yet to recognize the benefits, which will flow from the gold operation.

Perhaps it will need to see the money in the bank before it catches on.