fundamentally sound, page-4

Thank you for your post mogo77,

With the AGM a month away we are likely to get good news in the interim.
The POG is favourable and the exchange rate has improved over the past few weeks.

We now need truck loads of ore comming down from Talang Santo to
take the plant throughput up to its capacity of 600 tons/day which would be
a lift of about 40%. Although Talang Santo is a bit lower grade to Way Linggo,
this should give us 60K oz AU p/a + 500K ozs AG.

The low cost of production, the retirement of the silver hedge next year and
and the policy of financing further development from cashflow is
comforting for the long term holder.

With kind regards
Moorookamick