ann out: ti large extension, page-13

morning,

what I find constantly amazing is that last feb. we were only hoping to produce about 100k toward the end of the year, treasure island was not 100% owned at that stage and we didn't have cre.

Now we appear to be producing as near as damm it to 200k p/a, we own TI which now looks as good as you can get for this stage of the game - and this stage is far advanced to where we were and cre looks like it has seriously turned around.
Add to that more mines and better grades coming on and the promise of no more cr's for at least operational purposes --
And gold is at least in US now over $1700 and over $1600 in aussie - a couple of hundred up on last year.
and yet - we are at 5 when we were at 10 in early march last year??

so the punters were happy to drive it up on hope and a lower gold price - but they shun it on a better picture with a higher price????????????

funny game this.

have a great arvo

Pinto