are we there yet

Some interesting extracts from previous announcements.

Announcement 20/02/07
High Gold Grades Continue at Warrior
"Full production stoping is planned for late March 07 when the planned rate of mining is anticipated to be approaching 40,000 oz per annum and gold pouring should increase to a weekly basis, from the current monthly gold pours."

Announcement 21 March 2007
"Warrior May Replicate the Large Brilliant Mine"
Data gathered from underground at Warrior gold mine indicates that the gold ore body may be far larger than originally planned. This mine was planned as a modest size 40,000 ounce per year producer. This was based on the drilling and analysis carried out in previous years. Now that the gold ore body is exposed underground and, given the impressive high gold grades being encountered, it is probable the mine will be much larger than originally planned."

The last one for today announcement 1 April 2008 MD Presentation.

I draw your attention to point 10!!!

No wonder there are some more than disgruntled share holders!!

1. Gold mining company incorporated in Australia & Listed ASX 1993

2. Audited assets @ 31.12.07 of $ 197 million

3. Main asset is Australia?s largest bonanza gold deposit, huge & rich.

4. 100% of Charters Towers goldfield, last part obtained in 2004

5. Gold deposit 311 t/gold (10mOz) @ 14g/t; Upside 1,600 t (50mOz)

6. Staff of 110 personnel

7. Offices at Charters Towers, Brisbane, Dubai

8. Stock Exchange Listings on ASX, FSE, DIFX & OTC ADR?s

9. 5 year return on investment of 600%

10. Gold producer 20,000 oz pa growing to 250,000 oz pa by
2011"


So this year should see a massive ramp up in production!!!
DYOR My opinions only.