barrick gold opa, page-5

Thanks Kent,

Yeah, well you know more than me on this topic. I have really just only started digging once i saw the current OPA will expire in June 2013. It's really not that far away.

If we talk a concentrator and crushing circuit and spares, then we are suddenly up to $60M and change

Crescent has a higher grade ore body than FML at the moment and they would only probably need to use 50% of the mill capacity to hit the 100,000Oz per annum target. I wonder if this impacts anything - can you spend less if you use the mill at much lower than capacity?

The higher grade ore may also mean that Barrick may still be able to spare enough for another extension even whilst their open pits get up a full head of steam.

I really am quite uninformed still about CRE (my own fault), and started some research by looking at potential red flags / hurdles in the near term and this popped up on the list.