its all going as planned - production

Well, Commercial Production has commenced and the vision had by Perseus Management is becoming a reality.

35,000 Ounces from low grade throughput tonnage in the Commissioning Quarter is rather impressive if one compares Perseus Mining's initial production to that of any other beginning producer.

Blue Sky ahead for PRU, if the world's financial markets stay on course and continue to make gains in recovery.

Tengrela is still on track to begin production in 2013. Add its production to that of the Edikan Gold Mine and we have a 400,000+ ounce per annum producer - rather impressive.

The Gold price appears to be rallying and noting the consensus analyst view of around $2000 Gold for 2012, it bodes well for significant Gold Miners and those Explorers with a significant resource base.

Cost of production per ounce for PRU remains in close proximity to that noted in the Feasibility study that was developed for the Edikan Gold Mine (from what I was told, this week) - That is around $500 per ounce Total Cost of Production.

Given a Gold Price in excess of $1500 (and I expect greater than that), a gross profit of $1000 per ounce is very impressive, if the 200,000+ ounce target is achieved for 2012.

As I said - Blue Sky ahead for PRU, given that no allowance has been made for significant unforeseen events.

Remember, "us" Retail Holders number less the 15% of the Total share issue for PRU.

:) Fishhy