mining studies, page-4

Swordfish,

Mt Magnet next door (RMS) with a similar set up is predicting cash costs of $800. If we are anologous with that then, with a twist of optimism, perhaps cash costs of $750 (although $800-ish seems most likely).

Reserves statement can be produced once the pit optimisations etc...are completed and a determination made about what is likely ecomomically recoverable. No firm date is set unless you count the arrow used in prior presentations that ends at December, so perhaps this week we will get some news.

JT