ann. out, page-29

The fast track for Conquest is they have no immediate intention of producing gold. Rather, they intend to concentrate the ore, then put it on trucks to the nearest shipping point.

Indeed, employ cheap and speedy methods to achieve a ready cash flow !

Apart from MOU sales contracts, the next thing to watch for is the results of deep drilling, and if the ore body continues at depth it would almost be certain that some time in the future they would consider the next step. That is, refine the ore to a metalic state.

Theirs seems to be responsible course of action, in that high funding costs are avoided in the initial stages, and when a cash flow from the sales of concentrate comes on stream it will provide a lot more options without the grief of having to borrow vast sums of money.

Mind you, one doesn't have to go back far in time to see that management have always wanted a partner at Silver Hill to do the heavy lifting - ie: A partner to take on the funding of secondary operations, etc.

In light of the fact the Chinese Government suggest gold will be around US$1500 before years end, and not eighteen months ago a brace of PRC investors visted the place in the company of Danny Chan, it would not surprise me at all if we hear of a China connection sometime in the near term.

Speculation on China, yes, however quite a lot of ground work has already been covered.