Prelim JORC, page-30

After 10 years I’m back into this stock.

This one will have a great 2018.

1) established plants - no need for investors to pay to build plant

2) challenger mine cost is $1,100 aud a ton. Gold price $1,650 AUD. So let’s assume profit around $500 a ton.


3) challenger produces 66,000 ounces a year. If we produced similar amount say 30,000. That would be 15 million profit a year.

Just an idea of what we can do as plant already established so we just need to get ore there.

Happy to have looked this company up again. Lost couple grand on IPO