observation, page-8

Andrew,

This is be obtained not via share dilution but Bank finance:

- Capital cost of $52 million and State Royalties including A$19 million for plant upgrade and A$12 million for the first three months working capital.

We will be producing 100-120k of ounces per yr by q4 2012.
Cash costs of 600 after credits. African Gold miners and i hold one, give you those same costs, and are valued with the same EV/oz higher than we are ?

Plus the 70m+ was being conserative to the 'Other' Explorers. I just dont want to single out companies...

I just KNOW myg is being played with. That im certain off. But like soo many stocks, they explode to the upside in a short period of time.

One last thing, HUI/XAU broke into bullish buy signal on Friday night. The whole of Wall ST was down and they broke out.. should be interesting action..