Ann: Cummins Range Project Product Strategy Update, page-19

For a company with 5408 shareholders (as at 27th September, Annual Report), the lack of almost any discusssion or SP movement (apart from down or nowhere) isn't inspiring.

Admittedly, 1993 of those 5408 hold "unmarketable parcels" which is a ridiculous number. Looking forward to that buyback when eventually there are some $ for such things.

Before or after the "royalty of 1% (capped at $1,000,000) of the net smelter return on commercial production" to Element 25 Ltd.

At least someone has financially gained from Cummins to date and will be near the first in line once again when the time comes - https://www.element25.com.au/site/PDF/fbe3fc0b-f4af-43c7-839b-b71fc323ded5/CumminsRangeSaleCompleted.

Cummins Range - the gift that keeps giving; to the very select few.