Time for another fatprophets update..."Expectations are for...

Time for another fatprophets update...

"Expectations are for total production from the JV of 43970 ounces of gold through the six months to 31 December 2008, at a cash cost of US$667 per ounce. From 2009 onwards though, estimates are for annual production of 83000 ounces at a cost of less than $550 per ounce"

"At current price levels, the market appears to be attributing little if any value to the company's 1,100 square kilometres of highly prospective tenements".

"However, the charting picture isn't quite so positive...we cannot rule out a deeper retreat in the weeks ahead"

"...we will continue to monitor the stock's price action with a view to increasing our exposure..."