Ann: Production to commence at historic Victorian gold mines, page-143

"Vert how can you possibly use the operation down the road , as an example. They have not ever even achieved a consistent 4.7 grams  , and according to the last 2 half yearly reports not  including the last 6 months have losses of 7.75 million for the periods.. "

Your looking at all the costs for the capital works for the Maldon mine and saying they relate to the production costs of A1, they dont. If you look at the numbers before Maldon late 2016 early 2017, they were getting a consistent ~5gpt and gold sales roughly matched their production costs.

"10cm to 400 cm wide veins 7 grams is going to be a big ask. "

The company estimated true width at 0.8m on one of their cores and others look around the 0.5-1m mark, and they are closer to 10-20gpt once you factor in dilution from the stope.

"However I doubt the old timers missed to many of those in the upper levels."

Well you have been proved wrong with the ~$10-30m of in ground gold in the newly discovered McNallys reef.

You guys seem to think that we think that the upper levels are going to prove to be a company maker... incorrect. The upper levels will provide a revenue stream as a spring board for development at depth at MS, development at RoD and the very rich exploration ground that they hold and even potentially an open cut operation. 

In essence you think we are wrong because you are guessing what we think...