I will expect (read hope) to see a mining plan and completion of...

I will expect (read hope) to see a mining plan and completion of a Castlemaine feasibility PLUS additional infomation to the market on how the revenue and cost projections line up.

Clearly the company is not continet to sit with organic growth alone and arguably is IS desirable to move forward rapidly on all fromts WHILE the gold price remains high.

Victoria is no longer an eldorado for gold miners BUT the CGT model and approach remains robust AND the SP will (I hope) more up rapidly on the initial results at Ballarat.

Declines cost money and at Ballarat we have a free run at the start of the race. The company may also get a bit of a free run to start with at Castlemaine if that near surface, high grade in the pine plantation pays for follow on decline to ACCESS Wattle Gully reminants and Chewton.

Without any free runs, I note that costs would be in the vicinity of $1,000+ rather than the $720 or so we have at the Ballarat.

As posted previously, I believe the company is trying to position itself for decades of profitable operation rather than quick and fast supernormal profits. However it is up to the company to say this rather than me. CGT needs to articulate its' plans logically to the market (with a cost accountant's green eyeshade for comfort) ..... however, this will need happen before the SPP due date.

I will continue to hold and will participate in the SPP IF the company can get the share price up in the near future.

cheers