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analyst report, page-6

  1. 1,035 Posts.
    The new presentation does provide an idea of their expansion timetable:

    2008 - 80k oz from oxides
    2009 - 135k oz from expansion of oxides
    2010 - oxides + construction of sulphides processing
    2011 - presumably some sulphides + oxides (say 200k oz)
    2012 - total of 250k oz pa

    Debt should be cleared by 2010 so it is likely that the sulphides expansion will be funded from cash-flow.

    Plus, they have Barrick drilling away at the other calderas.

    Interesting times ahead if you are prepared to take a long view.
 
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