Ann: MLX and Yunnan Tin Group Joint Venture , page-10

Appears very dissapointing on information to date. Seems the quarterly's will show poor production numbers, higher than hoped costs and cash position worsening to the point that we have had to buy the "Get Out of Jail Free" card.

The hurdles of achieving tin production of less than current targets and production costs to not be more than they are now do not seem very stretching.

The $50m/$60m is a cork in the ocean of what's needed for Wingellina, although it may keep us in that game. However if our position allows us to be screwed over for our cash cow I am worried as to how we can keep amd develope our major prospect.

Let's hope there are positives beneath this that I am not getting!!!