Ann: Water Storage Dam - Tormin Mineral Sands, page-5

Hi spid81 the project needs to demonstrate profitability as per the life saving cash raise…Not a sugar hit

The next quarter update will need to demonstrate profitability and performance…So far the performance has been lacking with breakdowns after breakdowns…We can add Drill rig breakdowns to the list…The US$10 million loan also needs to be paid back. Let’s hope the running costs don’t outweigh the revenue as once off sugar hits are not enough…

Profits per ton mined…Less running costs plus breakdowns (Running depleted beach sands will have added to the running costs…) Not sure why they rushed back there after the dam leak was revealed…

Regards Croc (Cash raise for a shiny fleet of required vechiles…)