quaterly report out , page-8

1. Admin costs are not overly high in view of what the company is doing and aiming to do. Pay peanuts and get monkeys.

2. Why should MUN release something like weekly production numbers? I'm not aware any other gold producer does. MUN has indicated everything is on track. Carefully, imo, listen to the Boardroom Radio Presentation released after the quarterly and read today's Open Briefing.

3. MUN is not responsible for the speed of this ore sorting which is taking place in Germany.

I know it is nervous times in the market. In times like these it becomes very easy to look for and find problems where there are most likely none, especially if the share price has been falling.

The easy assumption is that, "There must be something wrong."

But just look at the positive news from the quarterly such as "Metallurgical recoveries for June above budget at 95.38%. In July recoveries have exceeded 96%."

Today's Open Briefing indicated that everything is on track with production ramping up and "We expect consistent production from the mine at around 21,000 tonnes per month from August 2008. This is above budgeted productivity..We continue to expect our cost structure to deliver in the mid A$300 per ounce range at full production, providing a strong cash margin for the operation moving forward."

I added to my holdings in MUN today. Why?

1. I believe the gold bull market will really roar ahead over the next year or so and I believe this will also be reflected in massive price moves in successful gold companies.

2. MUN is on a substantial growth path. Based on what I have seen so far I have full confidence in MUN Management to deliver.

Unlike some gold juniors MUN has not over promised and under delivered but has consistently delivered and MUN's Management have past records of performance and plenty of credibility.