Ann: Quarterly Activities and Cashflow Report, page-9

You have got to be kidding, poundstretcher. What a stupid notion to put forward.

No production until the price of gold returns to $1350. Just do some more capital raising and continue destroying the shareholder price/value base once again. Of course the Directors will continue with their salaries and bonuses. They can certainly wait it our...what have they got to lose? Yes, we can continue to pay for the administration costs, the rental of the plant, etc, etc, verbatim.....won't that just be just great!!!!!!!

Wait. Just a thought. Why don't they start mining and producing the gold. If they start and accumulate the gold produced...don't necessary have to sell in the present market, they can go to a bank and perhaps borrow some money at a decent rate, i.e., 5+% or whatever a viable business loan would cost. The stored gold asset will increase with production and will be ready to sell, if and when the price goes up to an acceptable amount. The company will prove to the lender that they can actually produce gold at an economic rate (at least at a known cost) and then wait through this slow low period for gold price to inevitably improve and increase. If the projected cost per oz to produce is the $6-800 as predicted, why not off set the cost of production with sales at a profit and at least prove the worth of the company for the future. A profit is a profit.

Alternative, by reducing the administration costs (and Directors fees) it will go a lot to solving the on costs over run and perhaps, yes perhaps, the shareholders might be able to one day make a profit on their already long term investment. A company that doesn't produce anything doesn't deserve to continue. Don't reward procrastination by further dilution of the shareholders interests.

Mate, I am well and truly sick of being patient.