Ann: Maiden Ore Reserve for Tormin Inland Strand, page-27

When a company makes failed business decisions time and time again, you have to question their understanding of business. I think the current board and management have been very lucky last year with good assets under their control saving them from highlighting their poor decisions.

i not downramling spud as you put it, just questioning the announcements as they come out, applying my opinions. Due to your emotion you would seem to agree with my sediments.

you can have the best assets in the world but if you don’t have the people to manage them and extract the best value in the complete mining chain you will have inefficiency and increase costs. This is what we have been seeing now in this current period, these inefficiency coming to light.