Excellent results, but we all knew that is what was coming....

Excellent results, but we all knew that is what was coming.

There are now two unresolved issues for me:

1. What will production, costs and profits look like if the grade of the ore available for processing falls back to what it had been over the previous 4 years?

2. The decline is not progressing and in the meantime they are depleting their ore reserves, noting that it will take 3 years to build the decline once its commenced. I have noted this issue before - the reserves covered about 3 years production and they have depleted some of that already, so how will they bring new ore and how much to the surface while the decline is being built? Perhaps MML has an answer for this and I should have talked to them about this issue.

Nice dividend.

GLA - hope it works out for all.

loki