JUK - In quarterly costs were $912 (from memory) due to extra...

JUK - In quarterly costs were $912 (from memory) due to extra stripping costs; forecast cost is to fall. As forecast cost is $700/oz (previously $600) I used $800 for my best estimate NPV. As they are ramping up production, they have no history of previous costs, but costs can be expected to drop and may come down to their target.. time will tell

KMT As you say, the directors are doing nothing for the share price. As they have a duty of disclosure, IMO any significant production shortfalls would need to be announced, so no news is likely good news. However the market is nervous after GFC 1&2, so we have a few sellers now and few buyers. If they continue at 2100 oz/mon then I dont see any problem. If they meet targets.. great. News on current production would be nice, but we might not get any. In the circumstances, no news is unacceptable.

A good CV.. Turns company around... Sounds good... But should they get options at 20c. They would get my vote, no problem if price was 35. I might use my proxy for the first time.