record gold production - campaign 9 ..., page-24

Agree with most of what you say, Cas1.

I think Friday we had a defacto mill camp announcement (via the Euro Investors ann) and that took the steam out of any potential SP increase with today's ann. (even though Friday ann was released after market close, those in the know probably got in expecting a jump today)

And maybe we will get 100Koz this year but I think until we get management stating that to the market, 80K will remain in my sights... On my calcs, 80K ozs still gives us a SP somewhere between 8 - 15 cents, if the POG does what it should. I expect also that Mgmt will be conservative and wait for 3MH to recommission with problem before upgrading production forecasts.

And I agree with you re: Ni... that could be the elephant in the room as far as FML goes (and catch the mkt napping) Ni made a bit of a break a few weeks ago before being pulled back amid big stockpiles... but won't be too long before that comes into calculations...

Cheers,

c12