Liftoff soon?, page-21

Interesting interpretation by you guys.

I just felt that by saying

"12 Months:
sustainable production of 100k oz per annum @AISC USD $900/0z, expand teh Co-O reserve position and extend the resources below L16"

it was a longer term annual target, which I agree is conservative once the E15 mine shaft is completed. I do hope it only relates to CY2018 and they can up output to at least 120k ounces p.a. after that.

In relation to their tax position, I understood that they had a 5 years income tax free period (which I think may have expired in December 2017, but not sure about it) plus the option to extend that by a further 2 years with the agreement by their govt, but I could be wrong. Perhaps it would be difficult in the current political climate to get such an extension. Yes, I agree they have in fact some very useful tax credits due to them on their balance sheet.

It would be nice if they started paying a 2-3 cent dividend in 2019. The market would take notice.

loki (let the good times roll, maybe)