email from ferrier hodgson, page-3

Perhaps the delay in selling Bronzewing is a positive. If the sale had gone through a few months ago I would have expected a dismal result. Now with the gold price substantially higher who knows.

It was disclosed that there were quite a number of interested parties. If someone was interested in buying the Bronzewing with the intent of starting up operations again rather than just the plant and equipment this would require a lot more due diligence and a review of feasibility to be conducted.

Remember although there were a lot of questions about grades, it was largely ramp up problems/cash burn/lack of working capital/calls on loans etc that led to the voluntary administration. View needed a lot more time to beef up reserves and put together a better mining plan. They had essentially rushed into production

At the current Aussie dollar gold price, reduced costs of labour and fuel Bronzewing could operating at a quite reasonable margin. It could start up again relatively quickly.

I would suggest the time taken to finalise View Golds sale would be that someone could be taking a close look at the extensive hard data on which the feasabilty study was based on. There may be some cashed up mining companies out there that might not be able to resist a relative bargain.

Also, you never know it may be that View's White Knight -Austral Asia Resources and Infrastructure Investments Pty Ltd (AARI) may even consider taking it on. They could relist and go to the market for a fund raising to kick start the project. It is not a bad time to seek funding for gold projects at the moment.

Just some thoughts from all sorts of angles!!! The current gold price creates a lot of different scenarios.