Ann: Operations Update - Mali and Liberia, page-75

Of course it has been considered that RG may not want in on the party but that is highly unlikely and essentially, the only reason that could be is due to Anglo being in the way and that could change. RG will still be interested regardless but must not be prepared to offer BGS enough of the slice for Kevin to sign off on it.

Even as a greenfield project, a 200k find at 3g/t is highly profitable at current POG. Assuming AISC of 800$/oz, and the most conservative estimate of Ntiola (200k ounces), POG $1200, building a $40M plant, with LOM 2 years would come out at $23.5M ahead. This is with a 10% discounting factor and there would still be the remainder of the Ntiola deposit that could be mined (another min. 200k ounces depending on cut-off grade).

Also, as 52570 said - the latest announcement is very positive. This next campaign is BIG and highly targeted - especially at Viper. Very exciting times, just a shame that people are panic selling.