sep q report ?, page-21

at this stage all pie in the sky

right now:

trial mining to see if estimates reconcile to grades put thru mill as well as recovery

Cash has been drained to do so - and my guess is the trial mining will replenish some of that but not as much as I think a lot of you hope for

then we still need to await grant of ML (technicality by the looks of it ?) - perhaps even more importantly:

Darren has to "guestimate" what future production costs will be - once all of the data is in and stage II approved.

Guess - that is one of the major reasons why SP is NOT moving and will not do so.

All nice and good getting great hits and grades whilst an explorer - but as soon as you attempt to transitions to "producer" the guns are out and looking you over the shoulder at every step.

As for comment re "super pit" etc and "once POG is 2000 again"

ABU right now has to prove that it can spin serious profit at POG AUD 1350 - period.

Going to be Xmas by the time all the relevant data will be in .

Until then - over and out