Ann: Tietto Delivers Record Quarterly Gold Production of 37,111oz, page-80

Fair value now, based on the independent experts analysis, and the 14% increase in the gold price since then, must be somewhere within the range $1.10 to $1.25

So what are Zhaojin playing at with their insipid 58c offer?

Being debt free will be a significant achievement.

As for production, well .... it is still heading in the right direction, but perhaps taking a little longer than some expect. By FY end (30 June) I'd like to see quarterly production north of 40,000 oz, and by CY end (31 Dec) at something approaching 45,000 oz quarterly. A production profile of 180,000 debt free ounces for 2025 next year would be a good result, and should be achievable, thereby putting fair value north of $1.30, as well as the company building a war-chest of cash.


Gw