Crystal Balls, page-7

Well my young apprentice, don’t be all spreadsheet and no trousers. For those of us with laser like memories of the last quarterly, remember there are almost 7,000 oz’s in inventory, so don’t be too gobsmacked if we hit 75-80kozs in gold sales in the September quarter. The production uplift has to start now for the higher grade open pit and underground, if we are going to achieve annual cost guidance, so this looks a bargain despite the gold price headwind.

i wouldn’t be too comfortable if I was Chair with this situation and a very modest 90c/share price, so I’d want to get it good news out there, rather than being someone’s opportunistic target in a roll up regional West African consolidation play. One mine companies are very vulnerable in my view.

Mining Tragic