Ann: FY 2010 Annual Report , page-9

hi mackec

i picked up some more today too. I think the options have pushed the share price down but that should be over now the options have expired. So hopefully today was the last opportunity to buy low.

hthe new mines should allow costs to be reduced in the longer term.

if ngf can start turning a profit which it should with gold now well above even ngfs costs it may be able to pick up some surrounding mines as well

if ngf does get running it should be able to become a mid tier producer

rumot