a long way to go yet, page-4

re: a long way to go yet - up 60% gaffer,

NDC are only processing diamonds at about 25% of the plant's capacity at the moment so as to minimise operational costs. It think they will continue to do so until they are sure of the grade in some of the larger resource blocks. The income from the diamonds (assuming 15cts pht is continued for immediate future) might just cover operational costs, but I expect there will be some cash burn in the quarerly (and probably for the next two more) from increased exploration effort plus the usual admin costs.

I took some profits today. A nice 30-35% gain. I'll sit back at see where NDC stabilises.

angus