production estimate, page-50

I agree Kingy. It's not as bad as everyone assumes. We might be do a bit at end of qtr but depends on grades over the last few mths. TAM has too much going for it to roll over to a cheap take over too. IMO the rain is bugger all in the big picture. Theres always hiccups but they will be a mid tier producer from sometime in 2012. 2 million ounces at grades better than several and with the results they are getting, several million more ounces will be put in the books. Obviously they have to keep reducing the production costs over time, but with a Gold price between $1300 - $1400 they are in good stead. Dont forget the Oz dollar isnt going to stay where it is for a great deal longer either. Even more profit if Gold can hover at current levels. I predict the Ozzy to be mid to high 80's within 15 mths and Gold to be still edging higher. $2 region is definately a possibility in the medium term and higher in med - long term if a million or 2 more ounces are discovered.I'm extremely comfortable holding this one long term. For sure there are creases to iron out but they tick a lot more boxes than several goldies i've looked at and even hold.
All my opinion only.