sardinia gold, page-5

Hi Mango, yes I think I am permanently banned over at SS, I will miss those guys.

Anyway probably a good question for the INL Q & A forum Mango, the last conversation I had with PW he told me that it would take no longer then 3 months to get Stage 2 up with Stage 1, that conversation was in the second week of May.

Maybe this is one for the INL Q & A forum. INL need to be a little more specific in their timeframes of the GHD report (Sept or Dec Qtr).

Investors can't set any expectations on project deliverables if "some months" is used as a guideline. No doubt there is a heap of work that needs to be completed maybe INL want to surprise the market, would be nice if it was delivered in the Sep Qtr 2008.

“It is expected that it will require some months to develop the Stage 2 engineering and economic modeling to the same level as the Stage 1 GHD report, for incorporation into an upgraded and combined Stages 1 & 2 Investment Proposal.” 2/05/2008

This is also a reason why this company is currently trading at 5c, the market penalizes companies for not meeting expectations and schedules or (moving the goal posts) therefore no doubt some share price depreciation has actually come from the company itself.

But this can all be rectified when the Stage 1 & 2 Investment Proposal is released to the market, I wonder how close my gross earnings estimate for the MRP will eventually be, all depending on metals prices of course.

Regards