Ann: Nicolsons Mine Project Update and Capital Raising, page-2

http://www.*.com.au/companies/news/...lec-in-qa-with-proactive-investors-63441.html

What is the timeline to the first gold pour, the forecast all-in sustaining costs per ounce, annual production potential and mine life?

Paul Cmrlec: The project fundamentals really remain unchanged from what was announced following the feasibility in November last year. We expect some production in August, with a ramp up to full production around November this year.

The projected AISC remain low and well below A$1,000 per ounce for the anticipated 30,000 ounce per annum production rate

Over what timeframe could Nicolsons become cash flow positive, and if so, where will these funds be allocated?

Paul Cmrlec: Nicolsons should become cash flow positive during Q4, 2105. As a priority, we intend to grow the resource to underpin long term returns for our shareholders as a priority once in profitable production.

Excited to for these companies to start producing GOLD.

Get in while its cheap..

DYOR