progress report, page-40

Guys, two issues that have not been mentioned.

1. Aust. Ops. - "aluminium recovery from recycled salt slag is far exceeding expectations." This s/be music to s/holders ears. New technology exceeding expectations - how often do you read that?

2. US Ops. - "Irrespective, site due diligence including purchase price and negotiation of acquisition terms
continues on a number of sites." I fail to see how this reconciles with the view that site selection has somehow been delayed/postponed.

A possible interpretation with respect to the black dross issue is that mgt are covering their backsides.

Imagine if they came out with salt slag supply contracts and black dross contracts without ever having raised black dross as a potential major revenue stream. People who had sold would be screaming blue murder and threatening law suits.

Yes, still no signed contracts but I don't see this announcement as somehow justifying the conclusion that that event will be delayed by any significant period of time. 'Irrespective' is a very definitive word.

DYOR