Ann: Response to Price and Volume Query, page-11

The market has over reacted to Ian Murray resigning before taking up the chairmanship on top of disclosing some of the teething problems. The update proved the last couple of weeks of the plant runnIng wIth the new grates can produce plenty of gold in line with original forecasts. They were forced to use the stockpiled lower grade ore after the once in twenty year rain event flooded the pits in November for ten days which contained the higher ore grade. Thems the breaks sometimes, and some poor grade control drilling In the pits which didn't help matters. Update reports those issues are rectified, so it's now up to continuing on at commercial production levels from December. Then we will see the bank balance start to build. Some nice prIce hedging is in place too.