Ann: Updated Exploration target for the Never Never Gold Deposit, page-16

I guess the management team are Looking at what happened to GCY last time they went back into production , and are planning ahead , just because mining is delayed does not mean the insitu value is falling due to time value if the overall resource increases more than that time value loss on an NPV basis .

I invested the little I could into GCY after disastrously investing in G1A a company that failed to do its exploration thoroughly went into production and now suspended from trading , I am seeing a similar train wreck at HGO, went back into production too early and now furiously trying to find higher grade not in the mine plan , and CAI is also another one with insufficient geological understanding of its ore body , may scrape through though because of POG .

One other thing the mine plan of a decline form Dalgaranga pit that they envisaged a year ago would be out of date now as the decline would probably start on the other side of Sly fox now , as the ore body has gone down another 500 meters and you would want to access the ore body from half way down to be able to operate two separate headings as Matty from Money of mines surmised .
Be a bit silly now having a decline half done that was in the wrong place .