update, page-11

"Thanks for the informative post lionel007.

I have two queries:

1. Why is mining at Vertigo considered marginal at current gold prices given that the grades are comparable (if not better) than those at White Dam?

2. Are we likely to hear any news on the sale of the Mt Colin resource in the forseeable future?

Thanks."

I would say the following:

1: strip ratio (due to geometry of mineralised zones) and lower recovery!

2: it would depend on what is offered. There is value in the resource, so yes there will be news, but will they sell it??? I think yes, for the right price and that may not be the first offer

cheers