Hey Loki - you make some good points on Simberi. Perhaps it...

Hey Loki - you make some good points on Simberi. Perhaps it isn't as clear cut as I anticipated - especially if long term gold price remains at 1200 USD? I took the view that there is a lot more to add to reserves (based on exploration - and indications from ongoing study) and that gold price would push back up (but that is a risk - everywhere). They will also likely skinny up the CAPEX as well (per comments in the decks). That said - if Simberi inst in the mix for future ounces then there is even greater urgency around growth through acquisition - long life mines in stable environments that make sense in a lower price environment. Where are these mines?? I mentioned Alacer above - but with what is going on in Turkey atm its not clear that this would be a good strategy (perhaps the chair also saw that with recent selling).

Perhaps we will see Simberi sold (while it still has some upside) to save the 100 M USD CAPEX.

In the meantime I am standing by for a meaning (double digit) dividend to be announced soon. I can put that cash to good use!