mine life

This extract is from the 2005 AGM Roundup. By Mr Foord

9 December 2005

"Finally, Mr Foord reports
that at its current rate the Warrior
gold mine is progressing with
production levels scheduled to
produce gold resources at a rate of
40,000 ounces per annum,
equivalent to approximately 3300
ounces per month, over an
expected mine life of ten years."

Based on the above are we 1, 2, 3, 4 or 5 years into the expected mine life of 10 years?

Actually it is a trick question, note it says scheduled to produce 40,000 oz per annum, so it is only a dream we are still at year 0, so the mine still has 10 years left of expected life.

The crystal ball was ceretainly cracked, in fact I dare say it was a solid lump of granite in the shape of a crystal ball.

Incredible to think I used to believe all this stuff, there goes another flying pig. DYOR