quarterly report

Just read the Quarterly Report. WOW! Really good summary of their activities.

My take on it.

Prominent Hill continues to perform exceptionally well. Better gold producion tan expected. Underground mine will keep production levels to current for the life of the mine despite reducing concentration of ore being extracted.

Cash costs at Prominent Hill are excellent.

LME stocks reducing (previously noted by HT) so demand and therefore prices could pick up later in the year.

I am a little underwhelme by the results of the exploration results around PH. Best concentrations are at depth. Still early days yet though and at least they are hitting something.

I am enthusiastic re South East Asia even though exploration results to date are a little low.

South America is too early to call at this point but good strategic investment. I am amazed a how little investment is required to gain majority share.

SFR is t0o early to make a call awa well at this stage but good strategic investment

Still plenty to come on this company I think.

Well done TB and the team for a great quarter.

Your thoughts