What a fantastic announcement!
More than $2m in cash flow from this small batch and the A$ gold price is strong at 1,655 per Oz
Also, in the announcement they say the grade of the ore body improves with depth = more gold and cheaper costs.
With continued operations at the Burbank mill cash flow should be continuous from here.
The next key point will be the results from the deep drilling to prove up the underground and a 3-4 year mine life.
The re-rating will take place when they get some time to market properly (no road shows since they have been bedding down production)
What a fantastic announcement! More than $2m in cash flow from...
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