i'm back in the green with gold, page-5

Hi Bernard,

Good to see you're back in the green with HEG. I expect most short term traders are out by now. There is a cluster around the next two ticks but the sell queue is limited all the way to 30c. I still see 30c as a realistic target over the next few weeks using the model of the run around last Christmas. At that time, the share price doubled from around 10c over about 10 trading days.

The POG is very much stronger now and HEG is gaining wider acceptance as a gold producer rather than explorer. We still need to see confirmation of both production rates and costs, but the market is likely to move before new levels for these parameters are announced.

The newly optimised plant will need to operate for a week or two to demonstrate its capacity, but we could reasonably expect an announcement soon after then. The current 100m drive extension on the Mica veinset has already exposed high grades in the M1. As the drive is stripped out, the M2 vein will be being exposed in the hanging wall. Any high grade shoots in the M2 vein may actually be exposed by this operation. Could be some great photo opportunities! Perhaps we could get a pic of the MD standing next to Phil's Phenomenon or the mine manager alongside Mal's Magnificence!