Hi Rowingboat. Long time since we last exchanged posts!I am...

Hi Rowingboat. Long time since we last exchanged posts!

I am actually expecting the Dec12 quarter to be similar to the Sep12 quarter with the ramp-up commencing in this current quarter. Although any improvement would be very welcome.

As you have noted, the gold price has certainly improved considerably since the MML high of May11 so it would appear reasonable for that high to be rapidly taken out as production climbs with the added capacity of the new Saga shaft.

Bananghilig should certainly begin to add value as it approaches construction. Being a more typical disseminated ore deposit with open-pit mining should make it far easier for the market to value. Most industry analysts appear to struggle with the much less common narrow-vein deposits and specialised air-leg mining required at Co-O!

All the best for 2013.
CPDLC