No problem,

It was also interesting to see the leverage chart regarding cash flow for NGG at $1100oz gold (we're now obviously nearer $1200).

If NGG can produce 10,000oz next year, which they should be able to with a little luck, they'll have circa $3 million positive cashflow at Sinivit. At $1200oz – $4million. i.e every extra $100 per oz gold increases revenue by $1million.

We're already close to 8,000 oz for this year and it's not entirely outwith the realms of possibility for NGG to produce 1,000oz per month next year, simply based on the fact that they produced over 900oz in June, before the equipment problems began, and they're due a little luck re. rain fall. In addition they now have all the kit back on-site. If they were to manage that and gold were to average say 1200oz next year – again a possibility – then that would give us $6.5million revenue.

It's all possible, though I'm sure it won't prove to be as simple as it sounds.

Cross