reality check -- 4.4c , page-14

BWJ,

i dont know if I would call it "exciting"

that is if you think the possibility of losing all of you capital is "exciting",

from you past posts it sounds like you have pumped north of 100k into this company (reading between the lines)

I would think "downright anxiety provoking" would be a more apt description.

My concern is that if they are currently operating at a loss (i dont know whether this is true or not) but going by the past quarterly the margins looked pretty tight, then if they cant secure funding to complete the crushing circuit, we are in a nasty predicament. Pray that KMC can secure funding or put mine on care and maintenace while we wait for POG to go north. Not a great predicament.

I think Alex has all but dumped most of his shares, the dumper is some insto that took up the capital raising at 8c i think. For whatever reason he/she/it is happy to sell at a sizeable loss.

I know i am looking at a worst case scenario here, but my numbers where stuffed when i did my calcs,

did not think Cost per oz would be more than $1200 but there you go, if you numbers are rubbish, then you conclusions are rubbish