second half forecast, page-15

Henty results today with a stated "Cash Cost including royalties of $904/oz", management would be pleased with this result.

I see improvement overall on the current results. This has been based on my review on previous reports on Cash Cost including royalties with the Henty Gold Mine Operation mining periods;

Year ending June 2011, $1105/oz
Year ending June 2012, $982/oz
Dec 2012 Quarter, $1290/oz
March 2013 Quarter, $991/oz

Therefore the result today $904/oz is a further improvement and as they stated "ability to generate positive cash flow in this volalite gold price environment."

Let this continue over the coming months and with more and more positive news rolling in regularly from Henty and their surrounding zones with further positive exploration drill results.