Ann: Horizon To Acquire the Kalpini Gold Project, page-7

It be interesting to know if HRZ has received any recent indicative offers on Nimbus.. when you get a boom markets you get offers that offshoot risk calculated NPV of a project.. for example Shale Oil Gas in the US and CSG in Australia boom.. But my feel in Silver mining at the moment... most offers won't be great.... in my opinion HRZ will extract the greatest value from Nimbus by developing it but it will need to take the risk... a High enough POS will make the risk/reward calc...selling the Asset few million dollars would be a write off on sunk cost exploration has been spent and I thinking it about ~$40m.