Lihir Gold (LGL)Quite a positive outlook from increasing...

Lihir Gold (LGL)
Quite a positive outlook from increasing likelihood of meeting its guidance and doing a bit better than general market expectations on both gold production and operating costs in 2009 from significantly better performance at Lihir Island, and new Bonikro mine in Cote d'Ivoire. Lihir Island looks like being expanded earlier than previously expected from taking advantage of availability of equipment as a result of economic downturn that has deferred many resource projects and capital cost looks like being lower than it might have been from similar effects. New Bonikro mine is living up to expectations and looks like it will have longer life and expansion potential from exploration success in mine area and regionally from company's land position in large prospective gold province, where exploration has been increased dramatically as a result of company's very sound financial position and confidence in future performance.

The stock still looks reasonable value at current price with the underlying strength of its huge gold resource base.
D.Y.O.R