When i said March 2009 I meant for the month of March 2009, not over the March quarter. So over March, April, May .. we should have 4,500 oz produced based on getting to the forecast 1,500oz/month rate in March.
similarly for June .. we should have 6,000 oz produced over June, july august based on reaching the 2,000 oz/month rate in June 2009.
And over September, October, November 2009 we should have 9,000 oz produced based on reaching the forecast 3,000 oz/month rate in September 2009.
Currently we are still at the 1300/month rate,,as we are operating with the same number of stopes as last quarter - so we should end up with a quarterly production of 3900 oz again this quarter , ie. the December quarter.
the next ramp up stage will start next year, with progressively more stopes operating and should seriously start after the month of June (not the June quarter) - i.e. from June, July August onwards.
CTO Price at posting:
33.0¢ Sentiment: LT Buy Disclosure: Held
