Money can be made without the price going to $3000 Oz here as...

Money can be made without the price going to $3000 Oz here as shown by the A1 neighbours, what is needed is a professional approach to putting together the reserves and resources neccessary for a medium or large scale operation in the Northern leases. Following completion of mining of Alpha the company should become an exploration play with a committment for a few years to drilling out the Northern leases. If ( and only if ) sufficient RESERVES are proven up ( Over 10Mt at over 1.3 gpt ) then look at establishing a 1 to 1.5 MTPA plant in the area. The Gold price should remain high for at least 5 years.

If ( quite a few ifs here ) the Chinese are involved in a Recapitalisation of the company as previously mooted then it invariably takes more time to get the required documentation squared away. There is generally a reluctance with our Eastern pals to do such but the committment is usually there hence the possible reason for the delay in returning to trading.

Geniunely hope the company can be established as a profitable venture but real returns to investors could be over 4 yaers away as yet if it can be reinvented.