Ann: Paulsens gold bonanza - more high grade resu, page-10

re: Ann: Paulsens gold bonanza - more high gr... I will also say one more thing. See quotes from prior announcements below.

"Northern Star has enjoyed a bumper start to its ownership of Paulsens, with the project producing a record 30,602 ounces in the September quarter, generating revenue of $40.5 million.

The Stage One mine plan, which underpinned Northern Star's decision to pay Intrepid Mines $40 million for Paulsens, ran until early 2011 and provided for production of 51,000oz from the Voyager One lode. This was quickly expanded by NST to 65,000oz."

Since the announcement we have to add the following production totals below to the 30,602 ounces produced in the Sept quarter.

9889 ounces sold in October. and..
5609 ounces sold in November

2649 ounces in circuit <-- Should be addeded to December Monthly reports.

So in total we are at 48749 ounces sold. See below from earlier announcements. Royalties to Intrepid are soon to cease.

"Rapid repayment highlights strong profitability of Paulsens even after Intrepid royalties, which cease after 51,000 ounces."

Dont be caught out and sell all your stock. I also have sold large parcels of my holdings to lock in profits but as I mentioned in earlier posts it would be wise to hold onto some. Just my opinion.