expecting a divi of..

.....10c to 15c.
Our KCN reported a massive improvement for the Dec Q

1. Chatree upgrade completed and under budget.
2. Access to C North granted and increased in gold grades expected rest of HY to June 30
3. Chatree gold production to almost double for the next 6 months
4. Challenger - improved gold production and cost is coming down.
5. Thai IPO progressing after which we could be debt free again.



From the last 2Q financial, these are my Back of Envelope Calculations


Gold prod HY to 31 dec 86311 oz
Cost of Prod to Dec $83,221,690
Rev received fr sales of metal $151,400,000
Cash flow from prod $68,178,310
Earnings per sh fr Prod CashF $.48

These cal of course excludes Dev, exploration, Chatree upgrade admin etc , but it gives us an idea of the massive amount of cash flowing in if gold stays above $1700 THE NEXT 6 MONTHS

Div at 5c Cash $7,043,600.00
Div 10c $14,087,200.00
Div 15c $21,130,800.00

Constructive comments welcome

I keep accumulating on dips, expecting a rerating when the HY fin are released end of feb