q2 report, page-15

Just briefley and execuse my spelling mistakes as i am on my way out,I think a lot of u are a bit tough on PEM and the Chinese,lets look at the facts, PEM will have a large loss in 2008-2009,whilst metals are up compared to there lows they are still a long way off there highs,there is still a lot of uncertainty with the economy,until PEM are in a position to upgrade Mt Oxide, start increasing there work force at Broken Hill etc, and most of all start making money, I wouldnt be expecting miracles by thinking it will reach the share price it has in the past, keep in mind that we now have approx 400M shares instead of 200M I personally am happy with the arrangement that we now have with Zhongjin as it gives us certainty and direction.Be patient I personally am confident that this share will come back bigger and stronger,however dyor and come to your own conclusion.