polymetals asx announcement whitedam update

PLY (Polymetals) released to the AXS on 07/06/2011 an updated shareholder presentation. In the PLY announcement Polymetals included on page 17 of 25 an update on White Dam titled -White Dam Gold Mine: Strong Cash Flow.

Of Interest was details provided on White Dam looking ahead,

Namely;

1) 30koz remaining gold production forecast (PLY share will be 25%) therefore EXS 75% share will be 22,500oz (roughly valued at $1500oz (say) equates to a lazy $33.75 million less costs/tax etc).

2) Vertigo Prospect-Feasibility underway.

Of interest to all Exco holders at the present moment,

3) Other near mine prospects-drilling underway.

Wouldn't it be great timing if positive news was to eventuate, for example a further upgrade in the resource at White Dam and say news of a new near mine resource find were to come following hopefully will be a successful vote on the sale of CCP on Thursday.

Might make for an interesting few weeks ahead no doubt.

Cheers Aussie.