2012 npat forecast = a$49m, page-3

Hi Mackec,

Last qtr they only did 35k oz so costs were higher per ounce. I'm expecting 40k this quarter, and yes over the year I think 1125-1150 C3 (total cost) is a fair target. I'd be disappointed if they can't keep it to 1150 as they have already done a lot of development work at Navajo Chief. So, am comfortbale with 49m after tax but like all of us will be watching costs closely next few quarters.

High gold price provides a great opportunity to get debt free this financial year.

Regards
Arbroath