Makuch Aug10 (Friday) Melbourne Mining Club...No slides (at least on this YouTube)
> Seems quite enthused about Cosmo/Union Reefs "Having sig success. Without giving too much away, I think we're on to something really special here, and I think we are going to surprise the market with a new approach." This is at about 13:30 At 32 minutes, he's back to NT. Says "well over 100k ounces year". I can't tell if the 'really special" part is Cosmo or Union Reefs.
> H1 pre-tax earnings for Fosterville alone just shy of $100 million USD. This is a bit after 16:00 Count on that more than doubling, when production goes > 400 k ounces, with lower cash costs. FVille alone will probably go over $400M pre-tax.
> Makuch gives time of QH visit to Fosterville: Aug 2016. That puts the nail in the coffin to the BS story that QH somehow had a hand in finding the Swan zone. Those of you who, like me, owned Newmarket, know that the Fosterville staff was already driling deep on the Phoenix seam, and had explicitly laid out plans for future driling precisely where Swan was found (in fact it was the CEO before Newmarket who voiced those plans). So, IMO, sounds like Makuch & Sprott are trying to puff up QH's resume. Since he has no exploration successes to his credit, borrow one and attribute it so him. I can think of 58 million reasons why Makuch and Sprott would do so...
> KL is #1 in exploration spend/ounce produced amongst larger producers. The KL logo represents a diamond drill bit, throwing off sprays of gold.