qty just out, page-4

It's a good read, gives a taste that good things are coming.

Production was good, we're yet to see how much was actually delivered to smelter. Last qrt they produced 8,137 tonnes of contained copper but only got 5,500 tonnes to smelter. This qrt if they get just 7,000 tonnes to smelter we still could be looking at over US$25 mill assuming costs at around US1.30 per pound (Average realised copper price at US$3.20 per pound).

Costs once again however could be much more than expected.

The realised copper price will be a full dollar more than last qrt so without jinxing it I'm hoping we will be blown away by earnings.

Exploration also looks encouraging, they seem to be hinting that there is something very big happening in Kinsevere. We have to wait another 2 months however for those exploration results. Hopefully the Kinsevere arc furnace et al will be up asap, I understand the mains power supply is going to save them an absolute fortune. They will only be paying something like 2c per MW.