Consolidation needed, page-44

I think its fair to say Mgmt do give a shit given the buying that GMcG has done in the 3 cent range
Sorry Ted, i think you have actually gotten mixed up with company history of something else youre following because your commentary is off the mark.. I see LTR ran hard.. well done.. hope you made a bucket on it.

Your point of timing of entry versus return is valid Dr Pinks. but your conclusions dont fit to mgmt putting skin in the game and continuing to do so.

what is holding us back is that we have made no substantial inroads to improving grade.. we have made a bit of inroads to LoM albeit having to buy some of that. Mgmt have done a great job I agree with Chillywa.. they have been bery unlucky not to get bigger strikes and theyve tried hard for them... without bigger strikes we cannot increase our grade and consequently not reach our desired 50k/pa goal .. and also puts pressure on AISC.

However .. we keep drilling and trying for bigger.. if you owned any explorer that failed to strike it big you would be back to the well for another CR year after year with massive SP destruction... we are a self funded speckie.. we will channel sideways until we strike something big, but we also have the very limited downside risk when we dont hit the big grades. Its the safest speckie you will ever find.. we basically get our money back in divvies if they strike nothing massive.. worst case scenario we lose a little to inflation.

Looking forward to quarterly exploration results.. the fact the SP didnt capitulate completely down to 3.2c post exdiv gives me hope theyve had a few nice hits at McP