Ann: Market Update, page-58

Nope as I stated before the gold is just cream. Their focus are the sulphides at Carlow Castle and Radio Hill. The purpose of the 2m dollars and the 50% profit of the JV is to generate enough revenue quickly to put into the 6m dollar restoration of the radio hill plant without doing a capital raise.

The key focus of Artemis is to get that up and running, This is the Artemis long game, gold is just cream and a revenue generating exercise. They should not be focusing their attention or revenue on mining it as they have a strategy. Yes it is worth a lot however their sulphide production is worth more and the mine life is a lot bigger. The off take potential is huge and is causing a stir in the international market.

Remember that JV is only for Conglomerate gold material, that means the Carlow Castle and Radio Hill gold is fair game for Artemis and is still around the 5-10 gms per tonne depending on where you go.

This is my opinion DYOR