Ann: Appendix 4E -Preliminary Financial Report, page-7

I seem to be viewing too many of the Gold'y threads. You can see this posted on AUL as well (a diamond in the rough). MOY is playing the long game. Cash generated from operations of ~ 31M$. 23.3M$ paid for exploration and 12.7M$ spent on development of mine properties. Nil debt and manageable cash balance. The exploration has generated reserve increases of 20% ( about 36 KOz in addition to replacing 85 K Oz), providing almost 2.5 years of mining at current production rates. More importantly, many of the resources have moved into greater certainty (inferred to indicated) and work on lower cost options for producing sulphide ore out of the plant have progressed well. A decision to proceed with plant upgrade will move a significant portion of the resources to reserves (economical extraction) and that will provide the company a real step up. This company received no upside from the euphoria surrounding the conglomerate gold story - which remains to be proven - but has seen many companies inflated (despite recent bubble resizes). That aside, they are THE operating company in this region of interest with operations / processing capability. Its surprising they are not receiving more attention.