short term, page-2

Agree Dratoz,

- New JORC due any day, inclusive of the Delta drilling.

- Pending final mining approvals

- Final costings for mill construction, and a cashflow budget, which will allow for a decision on whether any back-up finance is required. If there is any shortfall, it will be very small. But back up would be nice...

- And they are doing grade-control drilling on the high-grade shallow initial feeds. This gold IS going to be mined!


I think once the question of capital costs and cash to get A1 to production and positive cash-flow is dealt with, the project becomes significantly de-risked. Take that out of the equation, and the market will seriously start to crunch the numbers on the 30,000ozpa at cash costs of A$600.


Bring on the next announcement!