Not yet.Perhaps in the second half of the year.We will know more...

Not yet.

Perhaps in the second half of the year.

We will know more when they provide the quarterly report this month.

Gold Ridge needs to be mothballed until the POG has recovered back over AUD1600, perhaps higher. They should have this production hedged to have a secure income flow while they try to fix the operations, if they are fixable.

They are far to slow in implementing improvements at Simberi, but they could concentrate on fixing this one first and getting its cost down to perhaps AUD1300 then see if they can do something about Gold Ridge.

SBM needs to also see if they can lower costs in Oz operations now that labour costs should have come down somewhat. They need to do as much cost cutting as possible to save the company from further capital raisings.

loki