t/o, page-13

With the pending increase in the reserve and high grade BID open at depth in some areas and with a transport solution proposed and joint Venture to build the transport solution, things are firming up pretty well...much too slowly though for my liking...the question is have management dragged the chain, is it due to inexperience or something else ? well comparing our progress to that of other companies we seem to be well behind...the company doesnt seem to be promoted positively in the same way is was when Big Kev was steering the ship.....it is not the resource or pilgarra project slowing things down, that area speaks for itself...good resource high quality....the impression that Management are giving us by their slow and dragged out progress is that they are in no rush to get things moving....why is that so....happy to be proved wrong...

You would think that with all the large profits being made by the big end of town that expansion through acquisitions would be the next thing for these companies...FMS surely has to be up there as prime takeover target....lets just hope Management dont let it go for a song this time around....the closer we get to production the higher the value of the company goes....