nice quarterly Kiril - It seems unlikely that this one will get...

nice quarterly Kiril - It seems unlikely that this one will get back down to 5c, although stranger things have happened if no news comes out and people get bored.

Operationally, In my view probably the most critical thing over the next quarter is grade reconcilitation. Obviously, high-grade mines always have some variability, but if actual head grade mined is nearer the uncut resource grade (13.1 g/t) than the reserve grade (10.7g/t), this will mean very good dollars. Stoping is starting this month, which is forecast to increase both tonnage and grade (June mill grade was 11.2 g/t). The plant could take more tonnage, but I think it could take 3-6 months to see if underground production can be increased sufficiently without increased risk of dilution. The next quarterly may offer some indicate I guess.

The MD is doing roadshows this week - will be interesting if this can prompt sufficient buying by say end of the month to break through current resistence.

Angus