Ann: Quarterly Report 30 September 2014, page-7

DR government, despite assurances, has not been helpful. ie
No appro to mine La Perseverance
No appro to import concentrate

Where they say we are at now (until March)
850oz GE/wk = Au 764 + Ag 6323
Equivalent to 89.5% throughput @ 52.1% recovery
Revenue 1090K less costs 808K = 282K USD Free Cash/wk
Free Cash 320K AUD/wk or 16.66m AUD pa

850oz would seem to be very understated. The last week’s production was 969oz and the 3rd last week in my opinion was above 900oz (actual production). To me, 950oz would appear to be a much more realistic figure. No doubt they are being very conservative because of past curved balls.