homestead

I think Homestead will come online sooner than Mt Morgan. The board has already approved the development subject to cashflow. With margins improving by the day on Paddington, I'd expect they'll start work on Homestead 2nd quarter 09....ramp this up for an extra 25000 oz per year (unhedged :-)) , see how this goes for a year FY10. Once Homestead is going they'll focus on Mount Morgan...or depending on the success of Homestead they might ramp up the other 3 underground sites (Tuart etc).

DYOR