money magazine article out, page-28

After Rowingboats post ..I decided to ring CTO again.

I just reconfirmed things with Matthew , there wont be a lift in production (of any note) until about March or thereafter.

certainly around June .. we should have a lift to 2,000 oz/month... perhaps higher (Matthew said 2,500oz/month) but let's say 2,000 oz/month in the month of June.

The production this quarter is currently running at the same rate as last quarter.
There's no new stopes that are contributing.

Realistically you can't switch on the extra power and everything is fine overnight - it doesnt happen that way.

the real work has started with the power upgrade .. the western decline and extra stope development, but as Chris(the geo) said the stopes take time to develop.. up to 3 months.
This is the reality - and CTO will be fine.
I'm not concerned whatsoever - but I'm in this for the long term.

Matthew is a shareholder himself and also holds options that will mature at 50 cents - he said CTO will do fine over the next year or so.

September next year is only 9 months away .. we should be flying at that stage .. the month of September should see 4,000 oz/month.

Then onwards and upwards to the maximum 80,000 oz/annum at Warrior.