to the suffering shareholders of cnq.ax, page-15

Treefeed,

You were right about the tailings plant. It performed even below my expectations at the time of our discussion. However at the time I posted, management truly believed that they could fix the problems they had encountered and I had no reason at the time to believe otherwise.

I already stated before that i too was disappointed with the tailings outcome but the bigger picture is the hard rock operations and I continue to believe that to be the case. The work they have done to date will not be entirely wasted as it will benefit the hard rock process further down the line.

Your prize for getting it right, Treefeed is a bigger loss on your shareholdings bcos you didn't sell all your holdings eventhough you were adamant that things were so bad. Well done.