That last point has been noted.However, this is what Ian said in...

That last point has been noted.

However, this is what Ian said in his verbal JMM Sydney presentation...

"...back to our gold project. A near-term catalyst for us : we will be starting a drill program coming up over the Summer as things have warmed up and in particular, dried out".

In regard to project capital, Ian mentioned $12M in his JMM Sydney presentation, however in his Australian Gold presentation (27/08) he said...

"The Scoping Study spoke to $12M of capital to re-establish production. Inflate that a little & we could talk about $15M..."

There was no mention in either of Ian's presentations about the $3M (uninflated) working capital required for mine development, site-strip, waste removal etc that's additional to the capital required for the plant upgrade. He needs to be a lot more transparent & tell the real story that ADG will need a cash injection of at least $20M to get the mine to production status.