Ann: Appendix 3B, page-12

Biggest Cheese

Good to get a view from the other side of positive. Keeps imagination in check LOL.

But can they not start of with the 80,000 ton existing plant. Maybe with a higher AISC ($1100)

That would still bring about $13 Mill pa (At 10gt )

Use that to expand to say 80k original + 160K New. 240,000 ton capacity.

Getting Around 80,000 oz = $40 Million pa (At 10gt $500 np) = 2.2 cps np after 2 years

Mine life around 10 years at existing resources.

Anything more is a bonus:

* New Oz added
* POG going up
* Plant capacity increased for new Oz found.
* That could bring in maybe 4 to 10 cps profit pa.

Is that also not a possibility ? and how much of a possibility is it in your opinion,and anyone educated who would like to make an educated guess ?