can i ask a question of some u people, page-12

Woteva
I would disagree that this company is good value.

1. Infrastructure is only worth something if someone else will buy it. If their is no economic gold to process then the infrasture is worth scrap metal value at best. View resources has infrastructure which cost many millions but is worth nothing.

2. Gold in the ground at low grades is also worthless if it costs more to process than you receive

3. In the latest quarterly the cost per ounce of production was around $2500. That is a extraordinary high number

4. They have a target cash cost of A$700 when running efficiently. That is a very high cost and leaves very little margin for error.

Summary is that this is a very high risk share and the possibility of receivership is very real. Cash burn is very large and without intercompany loans fron TTY and IRL this company could have already been in receivership.

I hope the stock does well for you but I dont own and would definately not buy