Ann: Financing Documentation Finalised for LLGP , page-33

re: Ann: Financing Documentation Finalised fo... Hi Guys,

Loki - can't help you sorry at this stage. We're all waiting with interest...

Re the gold price and project NPVs;

www.goldprice.com.au will show you the AUD gold price in real time.

The NPV of USD $78m is worked out on an AUD POG of $1200 - thus we're sitting about 3-4% above this at present.

With the current AUD @ .93c we can say that the cost of production is currently AUD $360 per oz. So the margin is fantastic; ie $1242 - $360 = AUD $882 per oz.

If we can hedge at around these levels and the AUD slowly returns to its historical average vs. the USD of 71c then there will be further massive upside from shareholders - the likelihood of this is unknown however..

Regardless, If we can get the plant built quickly without too many more issues we'll all be very happy in a couple of years :)

POG looking quite good at present.

Cheers
john