fact vs fiction, time to clear up, page-22

Its unfortunate that we had a change in our work program from open pit to underground due to safety factors to ensure the well being of personnel and equipment. Imagine if something happened and the pit caved into the old workings, a life was lost and machinery destroyed. Credibility goes out the window and the Chilean mining dept closes down the mine. Where does MNE stand then and the compensation factor,???

So we lost a few months going forward, credibility is held, the licence is in no danger, no loss of life to be held accountable for and the kitty is safe to progress for a sustainable future. So the SP went sideways for the time being till the 1st shipment is placed at the mill and paid for after processing for grade quality. We are still mining and going forward.

Im down 50% nearly in my investment but we are still mining, no mishaps to stop production and from what Justin told me is we have a very good contractor doing the work for us underground. Must be as meticulous as the board is and have shown so far in their approach to safety and the viability of being a very successful company.

I could have been a nervous Nellie and pulled out but my research and actively finding answers to queries to sort out of understanding what is happening and where we are at the present time to be functional and successful for me to be in a profitable company.

I have no doubt that once the milestone of sending the 1st shipment to the mill and revenue received will be the turning point. The next turning point will be the next production agreement with the 5000T licence in place. After that then the ability to mine 10,000T/mth. If good grades are achieved then we are off and running, laughing all the way to the bank, self funded proven. I did say IF as I see the benchmark as low as 3-4% minimum and all above as a bonus. A pocket of sustainable high grade will make all the difference to what we get paid from the mill.

I asked Justin about how well off we are on the royalty system and the answer was that it is a very good deal to be on.

BTW, they regularly read HC. Feedback is important to them when I asked if in future could they relay a bit more on the technical things of the showing of the makeup of the vein system and its origins etc and he said it would be a good idea to pass on to Zeff.

I take it in good faith from honest answers to questions asked and have found no reason to doubt the ability of the board and staff to welcome SHERs to call them on concerns or further info needed for research. They are all only too willing to help. 25 mins on the phone says it all and Zeff is no exception the time I spoke to him.