Ann: Bankable Feasibility Study Update, page-43

I bought a handful of shares on the back of a declining chart and the promise of an NST takeover.

The mine failed last time for a number of reasons which I’ve described in my previous posts. Despite some renewed drilling and resource estimates, it is the same mine and it will throw up the same problems as it did last time unless they start with a lot more capital. Hopefully they don’t make the same mistakes as the last operators and think they can mine 100koz/annum on a shoe string CapEx budget.

My buy in price is 25.5cents, the price the share is trading at today. I will sell on any decent share price up lift as this is no keeper in my book. Esh