lion gold, page-9

Using the annoucement dates as the key dates.

First Tranche: $3M Payable 5 days after signing.
Signing 8th April (announcement day) or thereabouts.

Paid 16th April, 2013 (a few days late)


Second Tranche: $7M payable 5 days after FIRB and shareholder approval

FIRB was 17th May, 2013
Shareholders approval: 8th July, 2013

Paid 10 September (2 months late)


"In respect of the first Subsequent Tranche, the date which is 6 months from the date of the Agreement;"

3rd Tranche payable about now.
With each subsequent tranche is payable every 3 months.


10% ($10M) paid to date.

What has been the progress made to achieving the end goal of 300,000 oz pa. output, or 50,000 oz pa for that matter.


Any gold being produced or are they still developing to get to the ore body - as this cost won't be included in the production costs?