GOLD producer next 6 months, page-3

Hi Barret

A few things to take into consideration when comparing mining this time vs last year's trial run

- Toll treatment was at Darlot Gold Plant lat year (315km north of Devon)
- Toll treatment this time is at Saracen's Carosue Dam Plant (115km from Devon)

- POG (AUD) was $1500/oz last year
-POG (AUD) is currently ~$1700/oz

You're correct in that if things go to plan, GME will receive over $7 to $8 million in profit.  With that amount of money, they have a few choices up their sleeves:

- Devon remains open at depth - they can move on to stage 3 and continue mining there

OR

- begin heavy exploration at NY's gift - take note size of NYG tenement is considerably more than Devon's - imo more opportunity to find some consistency of high grade gold at surface



Also take into account the Nickel asset, which at the moment is not valued in imo

LB