Ann: Update on Return of Norton Gold Mine to Production-MNM.AX, page-20

Gold price is taking care of sp for now. With gold at $1750AuD an ounce and Norton's scoping study stating a $775AuD aisc, any selling below current levels is madness.

I have said a few times, and I'll say it again, that the scoping study production figures IMO way underestimate the potential production rates.

The 2012 JORC rules must be really stringent on estimating an ore body or maybe IK thought if he didn't waste any time on drilling Norton and just rely on the previous owner's assays and production rates to determine the JORC it wouldn't matter so much as they would be mining anyway. As the previous JORC was double of what Mantle calculated and with a higher grade.

I would put more weight on what previous mining production rates achieved. Add in the fact that we have a very high gold price and we should see IK throwing extra crews and machinery into production, knowing that he would get a quick return on his investment with ridiculously high profit margins.