Ended up selling my biggest holding in PXG 12c for good profit most of the funds went into -
RMS
From the Diggers and Dealers presentation.
RMS is forecasting 100,000 ounces this year at $1250 AISC but in FY 17 is forecasting 130,000 ounces at $1000 AISC followed by another 100,000 ounces at $1100 AISC the year after that. With a gold price of $1600 AUD that's free cashflow of $163 million in the next three years. EV -25mill
Great upside to add further reserves from muti projects..................
Also got more ORS which is a cheaper one to buy interest into AYC (twiggy's gold investment)
still holding CAV looking forward to some good drill results ...