Ann: Cobar District Exploration Update, page-10

@precis Good commentary mate. Can you please elaborate on the Great Cobar decline. I may have missed something. Are you saying the new access decline from Chesney/New Cobar has commenced and is kilometre long already. I believe they are exploration drilling from underground there somewhere.
They certainly should have the cash flow to commence it and the contractors from Federation are only a stones throw away. AMI will need Great Cobar copper ore if The Peak is going to be copper centric and if the mill is to be filled.

The cash build interests me. It either needs to go heavily into exploration and develoment of Great Cobar etc or start trickling back to shareholders. A share buy-back at these prices would be prudent rather than it sitting in a bank being devestated by the real rate of inflation.

Thanks in advance. LoC.