Monday goldrush, page-2

I expect closer to 150koz than 170koz in Monday's guidance. Probably too many gremlins left by previous management for such a quick turn around. Remember that BDR only did 120koz in 2015. But AISC guidance of $800 sounds about right. At today's GP that is a margin north of $400 if you are talking margin from AISC not AIC and US$.

Nevertheless, I expect enough clarity that the plant is actually working in the wet, and that an operational turn around is underway to give the market enough confidence for a rerate. Full realisation of the company's value in the SP won't happen overnight but it will happen.

Cheers,
Tim.