Ann: Quarterly Activities Report and Appendix 5B, page-32

Sounds like someone might be sniffing around to fund the sulphide project.

That would be the time to buy after funding is achieved and all the cards are out on the table. Clearly the mine has potential based on its potential ability to economically treat its large existing resources.

Could be a medium term turn around story if a surprise party turns up to white knight the company through to the production of sulphide ore. Would be an even better story if as part of any deal that same white knight restructured the companies debt, ie maybe a debt for equity swap.

We are really talking about a major change of control event that resets everything. Would have been unlikely before the gold price took off 6 months ago but in this new gold market dreams might be possible.

Changing my sentiment from sell to "what if". Esh