Ann: Satellite Pit Resources update delivers 1.49M oz of gold, page-77

The recent interview says the Morila pit resource update is due out in a few weeks. (I'd guess 2-4 weeks)

This is going to give is a much better pictorial view of what we have.

Looking at the presentations, immediately below the base we have

56m @ 4.97g/t

20m @ 4.66g/t

These would be great intercepts for a company with no mine, no plant. Yet for us we have all that & these are just below the surface. Luckily the 200m above it has already been dug out.

Then on the shoulders towards the tailings dam, we have

4m @ 15.9g/t

32m @ 1.97g/t

12m @ 3.18g/t

18m @ 3.11g/t

Given the pit is massive at 1.6km long x 0.7km wide, the area that these strikes are over is vast, infill drilling will reveal a massive amount of gold even without extending the drilling out.

At the rate we're drilling it wont take long to prove this resource up and once the mill is operating at nameplate capacity with cashflow coming in, the market will realise how slow it was to catch on.

I see the market gradually recognising our value when the following steps are ticked off

1 The present updated resource due in a couple of weeks

2 Cashflow from production

3 Results of infill drilling etc and updated resource to reflect this drilling

4 Mining of satellites

5 Plant operational (crusher + ball mill) including power generation

6 Draining of the main pit

7 Mining the main pit at nameplate capacity