rmx on friday 14th feb 2014, page-39

Jeans Sammy,

No I don't believe I am simply taking out what I want for the purpose of criticising. I just think claims of 100% profit are far too premature. We don't even have the initial plan yet, that's the scoping study that we've been promised. How can a judgement be made on if everything goes to plan when the plan isn't even in place.

I mean why stop at 100%, why not 200% or 300% if everything goes to plan? Maybe gold price will be $4000 in 2015? Taking into account CAPEX costs and OPEX costs (which typically run much more expensive in the early days whilst fine tuning), I prefer to wait until we have some real quantified information before we start making these sort of predictions.

All signs are very positive but there is still a lot more to learn about the resource and a lot to do to get to production. There'll be plenty of surprises along the way.