Thanks Adjuster.A strong year of progress for Anvil ahead.By...

Thanks Adjuster.

A strong year of progress for Anvil ahead.

By years end Dikulushi will really be pumping and hopefully the new mine will be moving into operation.

Very conservative valuation based on Dikulushi last September was 60 cents/share with 80 cent target.

Since then lots have happened.
Dikulushi after April will be really pumping out the dollars and deep drilling will hopefully have given another extension of mine life.
Add the production of the new mine and total production will be perhaps double of that envisioned in Sept analysis last year.

Which all suggests closer to $1.20 share price with $1.60 not out of the question.
In 2006 that is.

A reasonable suggestion probably because there are surely richer and bigger resources to be defined and mined - funded by profits from the original two mines.

The Soverign Risk situation is to be kept in mind.
The inevitable delay in the first election has already seen protests and deaths.
An official postponement may cause some more disruption.

As always keep something in reserve as such temporary problems often create buying opportunities.

Cheers,

NT