Ann: Investor Presentation, page-2

Good update, albeit somewhat strange timing release and not much new information. Sets out well the target to be producing early next year making $22mil per month, or $270mil per year. With AISC at $977 that will mean profit of around $78m-$90m per year and pay-back of debt within 2 - 2.5 years.

New part was Rio Tinto have started diamond drilling at SGC_1 and results should be within the next month or so. If we strike gold in Aus, that could be a gamechanger.

The timing of investor presentation and full provision of all the extra information than usual still strikes me as strange. Is it for another CR, IDC DD or M&A? AFR noted a lot more M&A is set to occur in goldies this year, and with all the big SA gold miners lined up in that area, I struggle to see this getting to production without a buy-out coming first...