broker valuation - part 2, page-12

I think analysts have factored in the increase in revenue from the potential 100,000oz/year from the Ivory Coast gold mine into their estimates.

So until this project is unconditional with the projected revenue confirmed, brokers' target prices will not be reached.

Also, we need to see that once the operational issues are fixed and production is ramped back up to normal levels or even to that of Oct 2012.

I think day to day gold price will have small effect on the share price but those fundamental issues will help de-risk and re-rate this stock.