Ann: AGM Presentation, page-83

Thanks m0ngy I would think that your qualified negativity on gold going forward was not what some wanted to hear. But I think you are right as the market swings to risk on next year. I'm reading that the legendary William Buffet has just sold down his gold holdings by half. But as you say Grace doesn't need a high POG. It will be highly profitable with a cost of production at just $500 oz au. I note that many other juniors and miners will be in trouble. RMS has several high cost mines so it urgently needs to add low cost ones like Penny and Grace.