Ann: Mt Carbine Scoping Study Underway , page-3

Head,

I agree with your comments 100%.

I read into the announcement that the BOARD and Shareholders (Price Move from $0.05 to $0.13 no dumping) recognise the value of Mt C and the other sites and have developed a plan considering the current cash position.

Therefore the BOARD have agreed the best option to complete the “Scoping Study” and with the “Independent” data negotiate the Optimum deal.

Could this mean:-
• Go to the market (Institutions) for the cash. “Scoping Study being the Justification.
• Go into a Joint Venture “Interested parties” and “Off takers” etc.

But even thow we have been able to “Average Down” it would be fantasiic to see some true liquidity and a defined S.M.A.R. T. Plan (Specific, Measurable, Attainable, Realistic & Timed)

I have the greatest respect for the Directors as Industry Mentors but we need to kick all the goals.