exceeds expectations, page-13

Kangaroo Flat - 40,000 tonnes ore
sample 2,000, produced 5g/t @ costs of 500/oz
profit to ORS 50%
Costs ORS 50%

Total tailings assuming 4g/t average, (so far it is 5g/t) = 160,000 oz x 1,600/oz (pre QE3 price) = 256,000,000
Costs = 160,000 x 500 = 80,000,000

Half Gold, minus half expenses = 128,000,000 - 80,000,000 = 48,000,000

48m = roughly 2.5xMC

That is b4 Christmas, pretty good warm up for the mill, many small companies can't even get their mill working right with-out another cap raise.

Sorry for the repeat, but this is doing my head in, how good it is, have I missed something obvious?