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Re: MontyHigh post# 15059

Monday, 07/13/2009 2:27:42 PM

Monday, July 13, 2009 2:27:42 PM

Post# of 35738
Monty, welcome aboard. You got a pretty good price in AGT, better than my recent purchases.
I believe AGT should reach 150Koz/year rate at Q3 if not Q4 this year, let's see. The cash costs could be lower with higher production.
The most immediate impact is the GF drilling. As my mentioned before, it is a lottery ticket, but the up side is huge. If you look at the most recent AGT presentation, there is a map of the drill holes. If you look at it closely, there is no holes alone strike of hole 10. Hole 8 and 9 are on the other side of fault line and hole 11 is far away. Imagine you are the geologist, you have a wide open space to explore. We should know the results very soon as it is very shallow. I knew a lot of people are excited about it.
The other drill holes in GF is not bad at all. They are pretty good grade for open pit.



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