Adanac Molybdenum Corporation AUAYF

RE: thanks waldipup

[grumpymonkey007]

I guess if it is time to put people on to sure things then I should also chip in.

New Guinea Gold has just begun commercial production from it's sinivit mine and should reach planned annual 35,000 oz output by end of march.

This week is the LAST WEEK that 0.30 warrant holders have to suppress the share price.

Second mine (Imwauna) is slated for late 2009/early 2010 and is expected to increase production to in excess of 100,000 oz per year.

third mine (Weioko) is slated to begin production in a similar time frame and is georgaphically close to second mine for infrastructure purposes.

Funding is done, shares are almost fully diluted by the end of this month (at about 160M) and revenue from Sinivit is what is funding resource measurement and planning for both Imwauna and Weioko.

NGG is one of the lowest cost gold producers around - coming in at 160 per oz

NGG also has significant holdings in the exploratory companies Coppermoly and Pacific Kanon Gold Corp.

GM