Mr. Mason stated "analysts in NY are thinking there may be upwards of 40 million ounces."

Then " quite frankly we own it and we would feel really, really happy if they proved up 3 million ounces rather than 4 I think thats the break-even at today's share price"

It appears he said two different things in two different sentences. He reffered to 4 million ounces as todays share value. I think he went into the meeting knowing the share value as 4 million ounces. I believe he was talking 3 distinct figures

1 - NY analysts thinking upwards of 40 million ounces.

2 - He would be happy seeing even 3 million proved up.

3 - He seperately stated 4 million ounces is the break-even point with today's share price number.

This means that the NY analysts are thinking upwards of 40 million ounces. Comments welcome.