Arch, Loul, ugly,the media pumping might be just beginning. Arch...

Arch, Loul, ugly,

the media pumping might be just beginning. Arch as you stated afr article last week. We had a snippet in the west a few weeks earlier and today's ann with open briefing.

great ann. cash costs have stayed under control. First pour scheduled for november and i note he aims to acjieve 200k oz p/a by december next year. Thats a big ramp up within 12 months on a newly re-opened and refurbihed plant, obvioulsy these guys are confident because they know whats in the ground already. All that drilling looks like paying off pretty quickly.

Also like the comment of current 3 year mine life expected to be increased to 5 years before production starts. production is starting in 4 months time so all eyes on drilling results, by that indication they plan to add almost 1/2million ounces in the near future.

the gold price used for calcs is a very modest $900oz. allows for the dips we've been seeing but also leaves plenty of upside.. fingers crossed we get the benefits of it.


and how is this for a statement:
"We’ve been drilling over the last 12 months in an area that isn’t necessarily the most prospective, but it’s the most appropriate to drill given its proximity to existing
underground infrastructure. We can get into mining cheaply and quickly to mine our reserves.
We are now also steadily expanding our exploration program to include areas that we believe are more prospective. From the 4 million ounces produced to date, approximately
half has come from the East Lode and West Lode ore bodies, which haven’t been mined or drilled below the 600 metre level for over 50 years."

i better stop now.. i'm starting to get too excited ;)

regards
Davo