a joke, page-2

I sense your frustration has more to do with the recent fall in the SP as a result of the 20% fall in base metal prices.

Some patience is required. There is no reason to start questioning the PEM management team.

Still on track, consider the following extracts from the last Q:

Feasibility study for mining of Potosi and the Silver Peak mine continuing with the Company
anticipating being in a position to make a development decision during the March quarter.

The funds raised will be used by the Company to evaluate and progress as appropriate the existing
base metals development opportunities within its portfolio. These include:
satellite ore deposits close to Perilyas Broken Hill operations;
the Reliance project in the Flinders Ranges, South Australia; and
the Mount Oxide project in Queensland, where Perilya has delineated a resource of over
220,000 tonnes of contained copper.
Whilst these projects are at various stages of progress, from exploration through to feasibility, it is
anticipated that in the coming months some of these projects will go before the Perilya Board for
development decisions.