Bluebird Mer Share Price (BMV)

Correct $120m revenue. At the current $2300/oz Au price, $1000/oz profit would be a fair assumption too, so $60m profit per annum (pre-tax) or $24m to BMV wouldn’t be too far off the mark. Obviously, that’s assuming all goes to plan.

Is my maths right. 60k ounces of gold per year at $2000 an ounce comes to 120 million dollars?

299k bought 40k sold today. Mms not holding this back tomorrow.

Open anyone??

I think so - whilst Aidan wouldn't be drawn on timelines I think that is obviously a very obvious and sensible strategy given the history and slow progress to date. I think we can all read between the lines to understand that this is going to proceed at pace now. Not only will our new JV partner have done due diligence on the mine, they will also know the process and possibly some of the key players in the Ministry of Trade, Industry and Energy in SK. The mine was only closed because it was uneconomical in the 70's - oh how that has changed and its a great opportunity for the SK government to make some money on the back of as well as provide local employment opportunities. Hopefully red tape will be cut through and we can move through the JV stages at pace - well thats my hope anyway. And then we have Kochang to look forward to - I suspect we will not have to wait for long but again perhaps just wishful thinking on my part. Strike whilst the iron is hot I say!

ATB