Just a (very) conservative estimate. Gold mines always take...

Just a (very) conservative estimate.

Gold mines always take longer to build than estimated, and production ramp ups always take longer than estimated, and cost more than estimated (at least, in over 90% of cases).

If gold keeps going up, this could go much higher than a double in 18 months, in fact it could go up 400% or so, but the number of shares will become an issue at some stage, especially if they are wanting foreign investment, will need to bring the number down after production from nearly 3 billion, to 3 million, and this level of reduction cannot be done by buy backs.

I don't expect consolidation to occur for 18 months, unless it becomes part of a funding arrangement and is required by the financiers, which sometimes occurs in these type of stocks.

It's doing well today, and with gold up, this is looking good. The next announcement might be the funding, which would give it a further push, like a wave, into the mid 5 cent range.

As long as she keeps going up, we'll be happy.

Gw