Ann: Karouni Gold Project Update, page-164

The feasibility study for the underground still has not been released and we wait.

At last report it was going to be released shortly. In my view that time has passed.

My guess is that they are deliberately holding it up so they can get some of their other ducks in a row. They probably rightly believe that a delay in the release is not going to cause any further decline in the share price.

I think they will release it when they have a broader strategy for the mine in place.