king, with all the focusing by posters on the negatives they...

king, with all the focusing by posters on the negatives they have failed to see the positives.

Quite simpy production costs are going to come in at around AUD$650.
They are still on track to ramp-up production, albeit on a revised time line and will at some point in 2009 produce at or near 275Koz. Even on cash costs of 650-700 that is nothing to sneeze at even at current Au prices, but what happens if AUD Au price does go to say AUD1400. We are talking GOOD profits here...this is MK has been trying to tell the market but they are so focused on other issues like the problems with start-up they have craped all-over the stock price....well their loss is MY GAIN bacause I was more than happy to jump into MON @.53.

Let's not forget that MON are about to list on the biggest commodity exchange in world which will lift their profile 10 fold, but don't think the nasayer won't crap all over this as well( I can here them now).

Dilution in the future is NOT as big a factor as many would have you believe. The CAD is selling at a substantial premium to the AUD and with the current surge in the Au price there won't be too much problem raising capital in NA, inspite of the recent credit issues.

BUY when nobody else wants to, I was having similar conversations back in late 2000 just before Au stocks took off and LHG, now LGL was selling for .60 lousy cents.

Cheers