Ann: Green Light for Plant 1 at the Chatree Gold Mine, page-75

Congats to Kingsgate long suffering shareholders. This should have been put to bed over 12 months ago, but knowing Thailand and the difficulty of getting things done there I am not surprised.

I am interested now to see the new production levels and grades that they are able to mine, suspect there will be more upside here than shareholders realise. Management has had literally years to explore Chatree and must have identified the most attractive areas to target first. So hopefully some high grade gold coming the way of plant 1 and into ingot production.

I wonder now how quickly the TAFTA claim gets resolved. Surely a settlement now becomes easier for everyone concerned with a fully operational Chatree mine. I suspect a US$400-500m settlement will still be managements ask for 12 years loss of profits. Perhaps they settle for US$250m now, with all of the tax incentives and extended licenses they have received.

That would make for a pretty dividend for shareholders ..........A$1.50/sh.