future, page-3

Forecast must be based on facts not conditions.
Condition: If things keep improving.
Condition: If there are no dark secrets.
Condition: If production is set to increase.
Condition: If they sort out some issues.

Fact: There are operational problems yet to be resolved.
Fact: Cash cost is high compared to peers.
Fact: The SP has fallen from 60c to sub-10 in 12mths.
Fact: Not many gold stocks have made money for the average punter.