November production --> was it really + 5,700 ounces ????, page-177

whatever the share price is when we sell the company has to be worth $2b. There is a lot of value in the new leases we have been granted that have not and may never be realised by the stock market for a variety of reasons including country risk.

Driving the s/p up by using buybacks doesn’t actually change the intrinsic value (future cash flows) of the company. In fact it doesn’t increase the market cap either in a fairly traded stock because you need cash to do it. The only reason a buy back will increase our market cap at the moment is because it’s being manipulated and will therefore take these manipulators out.