Some salient points from the newsletter;- Production at...

Some salient points from the newsletter;

- Production at Davyhurst is now really starting to hit its straps. In the coming three months we are targeting a further 50% increase in production levels.
With new ore coming on stream, we expect to reach our target
of 10,000 oz per month in the first quarter next year allowing the company to capitalise on the buoyant gold market.

- We have intersected the high grade gold ore at Mt Ida in the Baldock lode. The ore width is double what had been expected with the ore exposed varying from 1.4 metres up to a potential of about 3.4 metres. This high grade ore is now starting to be treated at the Davyhurst mill.
Monarch is fast tracking development at the high grade
Mt Ida project opening another four faces at the mine.
Ore is expected to flow from these early in the new year
increasing production by 20%.


My view is you can't come out and say this unless you sure you are on track to deliver!

Also the high grade gold ore at Mt Ida in the baldock lode is double what had been expected, this is news to me! Has this been previously announced and i missed it???