bullish close, page-60

Just back on the current mali resource.

Dont get too hung up about the grade.

As a toll treating operation, if GMR grows it to 500oz' which is what they reckon they will do, it will make them about $150M over the life of the project.

This will fund pleanty of exploration and asset building in Africa and Sweden.

They are wise to drill this out first. Those 7 holes that got completed should add a fair amount of new ounces to the 140K ounce inventory.

They may well advance their production plans earlier than first thought. It really does look like money for jam.