There is currently an overhang of shares. Until this is dealt...

There is currently an overhang of shares. Until this is dealt with, DIO is likely to stagnate below $1. There is also chatter about some sort of fairly significant deal or aquisition that DIO are working on, which may well be partly equiry funded, so this is not helping in the short term either.

It was noticable about how La Mancha in their TSX release said they hoped Frog's Leg would grow to 1.4million oz by early 2009. I guess we will have to wait and see, but I think there is a fair chance if the geological model holds up, we will effectively have 1 million plus oz of economic gold, assuming margins stay or improve from current levels. Should this happen (ie should there be substantial economic gold below Tinker) I think there would be a strong case for adding another decline or whatever to increase production. However, that dedcision is probably 15-18 months away.

angus