Ann: Quarterly Activities and Cashflows Report-TBR.AX, page-14

Rumpel,

You have your numbers wrong !!

The TBR quarterly is a consolidated quarterly of both TBR and RND.

So the group TBR/RND produced around 28,400 ounces, sold around $36.2m of gold, if we assume they got around A$1725, they sold around 21,000 ounces of gold, so left with a net 7400 ounces, plus their cash reserves went up $2m, so potentially they made $2m plus 7,400 ounces at A$1770 (todays gold price), or some $13m (less tax), so say gross profit of $15m for the quarter.

Cheers