even this woofer, page-4

Looks like the company will do well to me. Particularly if gold goes over 1000 which is being predicted. Good entry point in the low 3's with a market cap of only 5 million. Obviously the capital raising is having an impact on the SP at present along with the world markets


"Positive Scoping Study confirms robust economic viability of
Norseman Gold Project
HIGHLIGHTS
„h 1.8Mtpa open cut gold operation over 7 years
„h Average NPV of A$ 80 million (before tax @ 10%)
„h IRR (Internal Rate of Return) of 40%
„h Net project cash flow after capital of A$143 million
„h Operating costs of A$660/oz
„h Capital costs of A$75 million
„h Capital payback over first 32 months of operation.
„h Company commits to pre-feasibility phase of development
SUMMARY
Kalgoorlie Boulder Resources Limited (KBRL) is pleased to announce positive results
from the Scoping Study on its 100% owned Norseman Gold Project in Western
Australia.
The results confirm robust economic returns from a 1.8 million tonnes per annum open
cut gold mining operation, located 30km south of the prolific gold producing centre of
Norseman. Production is capable of commencing in 2010, producing an average of
approximately 100,000 ounces of gold per annum for seven years.
The Project is forecast to generate a net project cash flow of A$143 million over a 7
year period after allowing for an initial capital cost of A$75 million. The company
expects a capital payback period of 32 months, before taxation considerations."