chart turning around nicely, page-19

Thanks, Unawares. This announcement is another slice of evidence that SYR management have been quietly putting in the hard yards, and not spending all their time worrying about what the market is thinking.

There has been a whole lot of criticism of the Balama project(largely from people with shares in competitive companies), questioning its viability on the grounds of lack of infrastructure. SYR has largely ignored these comments, referring in rather general terms to the availability of power, water, roads and port access.

How the scene has changed.

Ample, low-cost power and water, bitumen road to the coast, and a functioning container port, will all be in place by the end of 2013 - in perfect time for the mine development. Only a firm believer in the tooth fairy could imagine that all this is just coincidence. It's clear from this latest announcement that SYR have been working closely with Mozambique authorities to get appropriate infrastructure in place, in good time for development of a major mine.

To see management establish a successful relationship like this with national and regional governments, in only 18 months, is rare.

This company is being run by real professionals.

Cheers, Prime1