regarding buyback, page-4

Yeah way too early for a share buy back. At this point in time its POINTLESS!

Whats the point of buying back shares reducing the amount of shares on offer. Company will pay $$ for shares, then unregistered the shares.

Meaning the company is now short the cash it's spent buying the shares.

Currently = pointless.

Shareholders would benefit with the company actually reinvesting the money into growing the company, hitting targets, becoming a highly profitable gold producer.

When we start seeing profits that are so big that the company doesn't know what to do with the money, then sure, buy back some shares.

As much as a share buy back seems like a good idea, for a company still developing itself as a company, the thought would not even cross a directors mind.

We've seen exploration costs increase in the last quarter, i'd much rather see the company doing something pro-active to grow the company, and increase share holder value by 'adding value' rather than remove a few shares from the register giving the impression that each share is now worth a little bit more, while the company is in the exact same position.. actually in a worse position, they'd now be out of cash aswell!

Valid question, though not worth discussing until the company has super profits (at which point, buying back shares wont be a concern, and these mining companies love to look for new projects to grow their companies)