Ann: Quarterly Activities Report , page-56

Johno,

Essentially I am a stop and reverse sort of bloke. In this case I can see lots of stop and reverse opportunities down to where the red center line crosses the rising black ML. If the gap at 87 does not hold though, that would really surprise me, and I would have to come up with plan B.

But given the amount of bullion held, the size of the stockpile (the major part of which has had it's production cost met), the closeness of the ramp up, and the quality of the drilling intercepts, I figure there has to be a counter trend rally at least, which I will play for.

T91