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Re: zebra4o1 post# 290

Saturday, 12/03/2005 2:39:06 PM

Saturday, December 03, 2005 2:39:06 PM

Post# of 330
Read the assumptions and compare to sustainable production chart. My production ounces and cash costs are below management guidance in 2006. My production ounces are slightly below in 2007-09 guidance but my cash costs still remain higher than management guidance.

Of the $22.5M PP, at least $5.5M will be available for Panama capex (insiders taking shares & NSR royalty due over time).





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