Ann: Gold Results at Balatindi , page-6

"If the drilling results were at 3g per tonne then l would be extremely excited."

At this stage grade is irrelevant,no mining license,no nothing.

The world's second-largest gold producer, Newmont, has downgraded its production forecast for its Boddington mine amid mill stoppages and soaring production costs.

Newmont said gold costs applicable to sales (CAS) per ounce at Boddington increased 25 per cent from the prior-year quarter due to "higher mill maintenance costs and the impact of the carbon tax", which took effect in July 2012.

Copper cash costs increased two per cent per pound due to higher mill maintenance costs, partially offset by higher copper production.

Cash costs were also affected by a stronger Australian dollar, the company said.

It also confirmed its production forecast at Boddington had been reduced.

"The company is reducing its outlook for 2012 attributable gold production to between 725,000 and 750,000 ounces due to unplanned mill downtime, at a higher CAS of between $US865 ($A835.30) and $US895 ($A864.28) per ounce due to higher mill maintenance costs.

In the nine months to September 30, Newmont's Boddington mine produced 508,000 ounces of gold, down from 528,000 ounces for the same period in 2011.

http://finance.ninemsn.com.au/newsbusiness/aap/8558471/newmont-production-downgrade-at-boddington

Whats the current gold price?,with copper credits perhaps some U as well.
Long way to go yet,best keep the excitement dry,for now.

Raider