Dreaming, page-13

The push down this week has been from very low volume,.

What I like is that costs are around $8million per month as advised by Milan on an interview recently. Therefore even at a production profile of 15k Oz per quarter we are still generating good cashflows at current POG untill we access the high grade sulphides.

This means annual costs circa $96million now and revenue at even say an average gold price of $2,300 which I believe is unlikely and possibly alot higher will bring in Gross Revenue of $138million.

Even with costs back at $10mil a month we are still profitable on 60,000oz p.a

The key for the next 6-12 months is to avoid any cash burn.

Major drilling campaign should reap some rewards and bring in reserves and resource. Expect two drilling releases per month and a resource update in the SEP QTR per the interview.

Im keeping positive.