RE:RE:Grandich on Teranga Happy days ahead>>>>>>>>>>PG: Why should someone want to be a TGZ shareholder today? RY: We are one of the few growth companies in the gold industry today. We are on track to increase production by 50% to up to 350,000 ounces when our second mine is commissioned next year, and we have a third project in Golden Hill that could take us to 500,000 ounces within the next five years. Beyond that, we have a prospective land package in Cote dIvoire that could take production higher over the next 5 to 10 years. But more importantly, and unique to Teranga, our largest shareholder Tablo corporation, which owns 22% of the company is owned by David Mimran, a board member of Teranga and he runs an agri-foods company, which is the largest employer in two of the three countries we operate in. PG: What are the potential negatives, including how will this swoon in the gold price impact TGZ? RY: The swoon in gold price should have very little impact on us. We have hedged half of our production through the next five quarters (while Wahgnion is under construction) at gold prices of over $1,340 per ounce. Moreover, we have a strong balance sheet and we are generating free cash flow from our Sabodala mine. Our only debt is tied to the development of our second mine, so we have no debt repayment obligations coming due for almost two years. For us, our heads are down and we are focused on delivering on our growth objectives. We are well on our way to becoming the next mid-tier gold producer in West Africa.