## ext -cash cow / burnakura money tree! ##

31st August, 2005 EXT Announcement
Quote-'........................... When fully
commissioned, plant throughput will be a nominal 15,000 tonnes per month at 95% availability.
Mining operations at NOA2 are continuing as scheduled and to date 30,000 tonnes of ore containing
6,200 gold ounces are stockpiled at surface ready for processing. At the current spot gold price, this
represents approximately A$3.5m in recoverable gold revenues before processing costs and State
royalties.'-End Quote.
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wrxsti Comment:- Stockpiled ore (30,000 tonnes) as at 31st August equal to two full months production @ 95% availability/mine capability, and resultant gold (6,200 ozs.) now worth around $4.2m re unhedged and free to take advantage of ever increasing gold prices.
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28th November, 2005 EXT Announcement
Quote- 'FIRST GOLD POUR FROM THE BURNAKURA PROJECT
.............. Ore from development has been stockpiled on the surface adjacent to the gold plant, and represents over 8,000 gold ounces in run-of-mine stocks.'-End Quote
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wrxsti Comment:- Stockpiled ore next to gold plant ready for processing over the next two and a half months and resultant gold (over 8,000 ozs.) now worth around $5.4m re unhedged etc.
They might have taken a while to get the plant up and running, but it was most pleasing to see the stockpiles /resource reserves building up while they were getting there. Now that the plant is 'pumping', EXT has got the best head start to producing that you could ever wish for. I really don't yet think the market has fully factored in the big picture as far as the future and ongoing revenue stream from Burnakura, so if anyone was looking for the upside signal/potential while we are waiting for the Uranium story in Namibia to unfold, I would have to say that the market will wake up to this fact, and indeed take it into account in the very near to short term.
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wrxsti