Ann: WAF hits 6.5m at 61.8 g/t gold at M1S, page-51

I can't but agree with both yours and pilburro's points. Does that make me mad or are you two seeing eye to eye.

I think what pilburro is missing are some of the realities in the past which have got WAF to where it is today. I'm not in agreement with the lastest equity raising (which I don't need to remind people about) or striving to build more mill throughput at the cost of early share dilution (if that's actually what the money will be spent on) even if it brings operational cost savings. We appear to have a good project and the number one priority should have been to protect future shareholder value by capping SIO IMO. Scaling up the projects mill capacity using equity before it has started seems the wrong move to me. I'm pretty sure the scaling won't improve the debt pay back period significantly, it only ends up increasing the IRR and bringing forward the depletion of reserves and puts the company under pressure to replace them. Esh