Ann: Change of Director's Interest Notice, page-13

O.K. the way I look at it if they have got the cash they should get the job done.

On the cost and creditor front the Emerco restructure and agreement is still a risk. The rest of the cost side should be manageable.

On the revenue front if the copper price drops below assumptions it will be a problem if it drops below cash cost again as it did early last year it will more than likely be curtains.

One can only hope that managements assumptions and forecasts arn't too ambitious and arn't blown apart again by any unplanned events.

If they have enough cash it should happen as planned.

From the Sept 16 Quarterly Report

"2017 Outlook - with the Giant Pit cutback expected to be completed in June 2017, the strip ratio will continue to decrease from the current ratio of 4.5 to 3.1 in the 1st half of 2017 and 2.3 in the 2nd half and 2017 forecast copper production is expected to be between 18,000t and 20,000t."

With the lowering of strip ratio the cash cost should drop below $1.50 and the cash should start flowing in the right direction and there will be naught to worry about except getting your money back if you have been in for a while or finding a home for your profits if your a newcommer like me.

The quarterly thats out soon will be interesting and might prove to be the end of the buying opportunity.