Ann: Korab assets strategy review , page-29

Hi Aberfan and all other holders. Shakespeare, were he still amongst us, could write another As You Like It, a play where very little is what it appears to be.
It is my feeling that although market conditions play a role, it is not feasable to market miners with grades mainly below 2 g/t.
So grades play a key role here. To operate in the long run one needs around 4 g/t. That's why I personally never took these spin-offs seriously.
What is lacking is, preferrably more than 1, good project, forcefully brought forward.
What we see now is a bit of this and a bit of that and I certainly donot see any substantial progress in the near or medium term.
A couple of month ago, I had a little money coming my way and I put that into ACN at 11cts. Now they do 20cts but I expext them to exceed 1 dollar. Maybe a little DD in this direction might restore some of the bullish feelings we once shared. My very best regards.