Club Mulgoa

Tuesday, August 02, 2011

ADU

http://www.asx.com.au/asxpdf/20110803/pdf/4205q9p821jljw.pdf

Go figure!

It produced 'over the forecast' 26,000 koz of Au per quarter at USD$540 per oz cost. Today, POG is at USD$1660 per oz. That means it generates over USD$116 million per year profit after the cost of mining per year for a stock with market capitalization of under AUD$350 million. It hasn't finished exploring yet. And POG is expected to go up further.

Aunty Julia and Uncle Wayne do not live in West Africa and Uncle Bob is unknown there.

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