For the doubters thread, page-35

I've taken some information from today's NST "Pogo" acquisition announcement. Sanbrado, if producing, would rank on the peer comparison chart (see below), as its annual average production profile (first 5 years) from the recent feasibility study would put it at 211,000oz/annum. The Sanbrado reserve grade including the M5 deposit is low but still respectable, however the grade of M1 (and in particular M1 UG) knocks all of those mines out of the park. Considering that M1 could in theory go very deep (ie kms) we need to keep open minds about its value. It looks by the Pogo transaction that M&A activity can just come out of the blue and WAF is a prime target IMO. Esh