so where will it end, page-15

Good posting Chinkiat.

You have posed a difficult question as to the present value of the shares. Ive no doubt that when production is fully underway we will be looking at a minimum $2.50 share, given moderate exploration findings during the year.

So how do you value the share now? With the arrival of the ball mill components, the risks associated with startup have diminished.

Management have shown themselves to be a cut well above the average in getting this project up on time. The deal with Jinchuan may be a real clincher in securing the company future free from hostile takeover.

The only glitch in the system is the greed shown by certain directors in issuing themselves with options worth a fortune, and the unholy alliance with the dead dog Gullewa who have $1m of AGM funds on interest free loan.

I believe the directors DO deserve to be well rewarded for the great work they have done, but a share dilution, small in % terms though it may be is simply unacceptable. The high number of shares on issue is something AGM has to live with forever, and adding to it componds the problem.

Im sure we will see $1.50 within a few months. I dont think thats unreasonable.

Incidently Im not retired yet- still need a few more bucks yet. Meanwhile Im happy to serve the community in my role as Fire Officer, and to fight off the adoring females who just love men in uniform! Tough, but Ive got to do it!

Cheers to all holders!