Ann: Quarterly Activities Report, page-221

Hey Joel, just to follow up on the potential for the Sept Q, while we know it's going to be another capex heavy period with the Paste and Recovery improvements, the Sept Q should.... all things being equal, be better than June, simply because the mined like crazy, just simply did not have time to get it all into the mill in time, the Sept Q should then see the benefits of all that hard work (overhang of sorts). Hopefully the big jump we have seen in POG in AUD, will really help out this quarter, considering it requires the lowest amount of hedging until they finally get rid of it.



I will still temper the production estimates, with the reality that Roswell had seen a good amount of development, but they could not actually mine it, so I am sure development will need to catchup.

Interesting events in the markets..... hard to believe ALK is worth less than $250m right now. Quite a few mid tiers snap it up with loose change.