Based on the company numbers, circa 400,000 ounces recovered, in...

Based on the company numbers, circa 400,000 ounces recovered, in the first four years, and at todays A$ gold price. Income of 700M, 

. Costs without reference to any optimisations and based on previous published BFS approx 1050/ounce, so net 280M. No problem borrowing the say 50M for refurbish costs and start up, leaving total net cash of 230M, plenty of upside, and good operating plant in the central Bronzewing district. Mt Joel can only improve the bottom line. 

BV