Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-150

no doubt that the old timers took more shallow gold than what they thought , but l think the main issue was the pre strip should off started earlier but this will only be short term noise , once the top 20 metres is removed we should start hitting our targets . emr produce under 30,000 ozs a qtr and have a market cap of over a billion dollars now either they are overvalued or tietto is undervalued as we are going to produce 30,000 ozs this qtr . not really sure why the punters are panic selling for at the moment as we are in start up phase .