First stage forecast All-In Sustaining Cost (“AISC”;) is A$1,036...

First stage forecast All-In Sustaining Cost (“AISC” is A$1,036 per ounce

that's for 412,000oz Gold stage 1 @ A$1825oz =$789oz margin =EBIT$325mill over 44 months = 11 Quarters (and Gold is looking bullish $2k likely)

what we need>
Total estimated pre-production capital for the development of the Project is relatively low at A$39.3 million, due in large part to the extensive infrastructure already in place at Bronzewing.. (recent raising should cover a small part of this)

Old DFS plan (which should look even better with Mt Joel) EAR will command a very large $150-$200mill bank balance going into stage-2 around 5yrs from now,, along with much more Gold resources/reserves from ongoing free-cashflow exploration.

I'm sure over the 3 to 4 years of exploration stage-2 will be MUCH larger in LOM past the 3.75yrs and grade as deep drilling high-grade targets are planned over this time is one of the hottest underexplored Gold districts in Aus.