Ann: Phoenix releases Conceptual Mining Study , page-24

I used to hold shares in these guys but you loose respect when they put out op figures which are as rubbery as anything and include inferred resources in the calculations. This is blowing bubbles and may be their first big mistake because the market will now hold them to those numbers. Given well known industry costs for milling and mining the have no chance in meeting them. Sorry guys and girls all the hype has gone to Joseph head.