Ann: June Quarterly Report - Conference Call Notification, page-39

One of the key things that needs to be understood at Nifty is that it is a good orebody and was a good mine, which was ruined by the relative incompetence, and lack of forward planning and infrastructure investment on the part of its previous owners.

It is now in the hands of competent Australian mining professionals who know exactly what they are doing, and will do what is normal, correct and effective to redevelop the asset. it is not a matter of 'if' they will succeed, simply a matter of 'how soon and at what cost'.

And when a mine has been run down the way that this one was, there will always some nasty surprises lurking (eg. incompletely-solidified stope fill that was made with the bad, local materials to save money).

But at the end of the day I think that Metals X will have a good copper mine here, which produces a decent, long-term profit