randgold and grades - implications, page-5

Fully agree Reiner.

I've only really started looking seriously at BGS recently and I think based on the last couple of announcements that we are close to finding a viable reserve and processing it.

Morila officially closes in 2017 at the moment, so I would think that all parties concerned would be happy to keep it open and generate employment and revenue if possible.

Randgold have put significant effort into closure planning and have schemes as diverse as fish farming, mango orchards and honey production running to provide employment locally once the plant closes. Obviously the Government are keen on not having an employment black hole once the plant closes.

Even if Randgold and Anglo Gold are not keen on operating beyond that time frame, I reckon the Mali Government would be keen. Seeing as they hold 20% of the company, I think this is a positive.

Lets face it, the plant with no feed is basically worth scrap value and as far as I know there is no other resource apart from BGS locally.

Very good chance we will be processing BGS ore next year imo.