Bottom Is In, page-117

"That’s half your resource! A lot of dirt needs to be shifted for half the gold. Maybe that’s down the track, like way down in 2021. So much for that magical $640/T low cost wouldn’t you say?"

You really don't do any research before you mouth off do you?

Ore from the low grade open pit starts contributing to production in Year 1, so in 2020.

The lower grade ore and very high grade ore from the M1 are being blended and put through the mill. Currently according to published feasibillty studies the project reserve grade is 2.4 g/t but Richard in recent presentations is saying that a blend grade of about 3g/t is being targeted which if the mill throughput can be increased to 2.5Mt/annum equates to about 240koz/annum (before recoveries are factored in). That's a pretty decent grade and run rate and it's all starting in 2020 and as I said already the AISC from the most recent published feasibility study has an average of US$551/oz over the first 5 years of the project not the number you quoted where you can't even get your units right. $640/T would be real project killer at a grade of 3g/t.

VEC doesn't even have enough money yet to pay for the purchase cost of their prospect.

From what others have said here, VEC doesn't have any JORC reserves or any significant monies to prove up such reserves or to pay for a feasibility study. VEC has zero chance of mining gold by 2020.

You simply can't compare the two companies no matter how much you keep jumping up and down and making noise.

When VEC have secured financing to build their project and have A$66 million in a bank account, please come to the WAF threads with your comparison, but while VEC is still running around town hawking their project, cap in hand, just to bed-down its acquisition, please feel free to keep running your comedy hour here. As I said you are providing lots of ammusement while our mine is being built.Eshoo