Ann: Independent review of permit confirms prospe, page-20

re: Ann: Independent review of permit confirm... Let me restate what I tried to make clear. On the basis on net reserves alone, JPR would be in solid company with success at SVA. Of course there are other factors and other hurdles to overcome before direct comparisons are warranted but one of the comparison boxes would be ticked.

As an aside, what percentage of an exploration companies worth should be in the bank? If the main function of a company is growth through exploration and/or asset purchase, can a company be seen as timid or uninspired if they have so much cash at hand for an extended period. I am not saying this is the case with COE but it certainly was bantered about for TAP who carried a large bank balance for years and years.