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Re: None

Tuesday, 06/30/2015 11:20:57 PM

Tuesday, June 30, 2015 11:20:57 PM

Post# of 63744
Q2 PRODUCTION 59,400 OUNCES

***MY PREDICTION (assumption).****

TWANGIZA
Previous production + 15%
= 36,000 + 36,000*(0.15) = 41,400

NAMOYA

MONTH 1 = 5,000

MONTH 2 = 6,000

MONTH 3 = 7,000

18,000



TWANGIZA & NAMOYA
TOTAL = 59,400


*****sails revenue resulting from production at Namoya will be capitalized as a deduction of construction expense and will not factor into earnings.

Namyoa is still considered "Mine Under Construction" ******

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