re: drama llama question for crow Hi
I wish I could back it up but I can't get inside the head of the journo.
You have to remember, the Twin Hills mine has ONLY EVER been a 230,000oz gold resource...so you have to conclude that the journo got it wrong.
If you check any of the Fat Prophets, Grange Securities or hartleys Research, plus the 2004 Annual Report (bottom page 6), all commentary relates to this number.
for example:
Fat Prophets, Sep-04: "...production of 80koz pa. These figures continue to look achievable"
Grange Securities, Jan-05: "We anticipate initial production in Sept quarter 2005 at an annualised rate of approx. 78,000oz at cash costs of less than A$200/oz"
BMA Jun-05 Quarterly: "Current drilling at 309 aims to convert a portion of the Resource to add to the 235,000 ounce Ore Reserve."
Hartleys, Jun-05: "Twin Hills Gold project...at an annulaized rate of 70,000oz and cash costs of less than A$200/oz".
I hope this helps.
Coop
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