quarterly report just released, page-27

re: another underperforming quarterly How disappointing! AVM only made around $4million AUD out of Dik last quarter - Come on guys, let's get real ... this is a fantastic result.

In my view, the HMS plant we know as stage I is nothing more than a pilot plant that provided us with proof of concept of mining at Dik. To this end stage I has performed well above any expectations that we should have of a demonstration or pilot plant. AND, to boot, AVM has made good money on the way from Stage I. The main game for operating at Dik has ALWAYS required more effective and efficient plant than the HMS setup. It needs a ball mill and flotation circuit just like that installed as part of stage II. We are pretty much there now. All the pieces are just about in place and we should all start seeing some real money flowing from this point forward.

We know we have very good and very capable management in AVM. Unfortunately, it is this great performance that has led us all to raise our expectations to very high level. These guys have turned a very good profit in the last 12 months from lees than optimum plant in a very isolated part of the world.
As we look ahead from here, let's not forget that stage I really was only ever a proof of concept operation. The profits that have come from stage I have been extraordinarily good and usually not expected from proof of concept setups.
Yes, we would all like to hear more information about progress and to see more promotional activities taking place here and in Canada. But I draw solace in the fact that I can see a great company that has ahead of it some tremendous opportunities and with excellent management focused on building something large out of the dust of Central Africa.