proposed $16.5m capital raise, page-31

Alex
Seems like we will have to agree to disagree. A few concluding remarks. I am an active investor in the sharemarket and I invest in alot of small caps- but I don't invest in stocks with so many unknowns and thus other than one experience with Ion many years ago I have never experience more than a 30% loss in capital in the SP of any stock I have bought.'
Your last lost outlines the risks ahead.'
1. margins on current spot ( good luck)
2. Margins on a operating costs that is a guess and margins ofcourse much lower when you look at total costs ( good luck)
3. No actual mine life ( good luck )
4. No reserves, no indicated resource , no JORC
This is a company asking people sitting on big losses to double up to help them determine whether they have a commecial operation. Alexs the figures you quote as facts are simply guesses, the fact that you insist on referring to a 15 million market cap shows to you wil not look the real situation. I do appreciate you are sitting on big losses, I do also appreciate that you want to see the positives in all this but my reading tells me you have a high risk investment on your hands.
I will stop posting now so I ask people to appreciate if I don't reply doesn't mean I don't have an answer, but simply that I don't want to get into this protracted argument. I have said all there is to say for now.