Ann: Mining Study Update - Yukon Base Metal Proje, page-33

re: Ann: Mining Study Update - Yukon Base Met... Subsequent to that ann, on 17th December 2009 OVR released an announcement that Capex had been further reduced by 30% to US 63 million and prior stated cash costs were anticipated to be reduced by 4c for transport !!

http://www.asx.com.au/asxpdf/20091217/pdf/31msln7lt1l7jj.pdf


Apparently the biggest hurdle OVR now faces is not financing or permitting, but a suspended state of belief in any announcement this board could release to the market.

Seems to me the last hugely expensive and what appeared to me to be a scattered and desperate wildcat style drill campaign was to try to find new mineralization, and when they failed to find anything substantial GSCO quit the stock. I wonder whether they made that demand up front.

Pointless trying to analyse anything the company has said to date on any subject in the above light. Most important now is current shareholders protecting themselves from ongoing destruction. Steps need to be taken.