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caffeinedrive

10/01/15 4:56 PM

#41581 RE: bostonseb #41558

Excellent post, thanks. On the assumptions, most seem reasonable but I suppose if you trust management's stated targets (per September's corporate presentation) of slightly higher Namoya production at 108,000 oz and cost reductions of 10 million then your balance turns positive. Still not much margin for error at the current gold price.