May 2018:-
“The mining we completed at the Teal gold mine was very successful in meeting all its Feasibility Study parameters, resulting us sitting on a bank balance of around $10 million.
“That allows us to go and spend $4 million on a drilling program of 55,000 metres, a program that is huge
for a company our size.”

“The drilling program is split 50 per cent looking for new discoveries and fifty per cent growing the Resource over the one million ounce mark.
“For us that converts to around 400,0000 ounces in Reserves providing four years producing 100,000 ounces
per year,”

“Our business model remains pretty simple
—
to grow into being a mid-tier gold producer, then if we
get taken over on the way and all our shareholders make money, so be it,
that’s all well and good and we’ll go out and do it all over again.
“The recent industry vanadium interest has raised the profile of our Joint Venture
— suddenly everybody wants to know what we have and how we can bring it to commercial
production.”

https://www.intermin.com.au/wp-conte...ay2018-web.pdf