GB Thanks for posting.

You mentioned $1100 but is that CAD or US as the price is still over $1300 CAD?

Thanks.

This is what I came up with. 175,311 tons x 0.1236 oz/ton x 0.933 = 20,217 oz .....it's pretty close.

Jeff,

Tons and Tonnes are not the same so you would have to apply conversion rates.

Approx. Production next 4 yrs = 410,000 oz @ $800/oz profit = $328M + $50M DB = $378M - $200M development = $178M for exploration, etc. This is with avg guidance production, gold price and production costs staying at current levels.

Rookie, I totally agree with your statement regarding the January production numbers. When you take a look at the graph on page 7 of the corporate presentation you will notice at the far right hand side which I assume to be late December and early January that they were mining over 2000tpd which seems very positive going forward. Let's hope that the grade can gradually rise along with the production and this year may turn out to be a breakout year.

191,105 tons = 173,367 tonnes
5.21/31.1 = 0.1675

173,367 x 0.1675 x 0.933 = 27,093oz