high production cost n 20c option kill price , page-4

Next quarter:
(my opinion)

- Break even!
- More results because of drillings in June/July
- More Gold ( > 15.000 oz. Gold)
- Less costs (no debts; cash-costs about 500 - 600 A$)
- Spin-out (because of the facts within presentation mentioned below!!!!)
- Acquistions in order to become a 200,000 oz. gold producer

(some facts taken from Dubai Presentation 04/2008 on the website)

Chances:

I am sorry to say that:

- Risk of war (Iran - Israel/USA) in November 2008
- Inflation

&

- > demand for gold (e.g. India; Italy ect.) August-December 2008
- US$ (weakness)

&
- a very good management team
- higher grades > 400 m (see Laverton)
- copper!!!!!
- strong Joint-Ventures partners (SNU; RUM ect.)

Cheers