We are trying to fill the backend of the mine plan with proved resources. There is about 200kozs per annum for the first 5 years but after that the mill feed drops to below 100kozs per annum for the next 6 years.
By continuing to define ore beneath the M1 deposit we can fill the backend of the mine plan out with more high grade ore and hence add considerable value to the project if we can push the 200koz/annum run rate out for several more years. A 200koz producer with a 8 to 11 year mine life starts becoming a very valuable asset, particularly if the life of mine cash costs can be kept to ~$US600/oz.
Time you sell and cut your losses if you are going to be such a Prima Donna. Esh
Ann: Quarterly Cashflow Report, page-31
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