Ann: Placement of $1.488m to Progress East Menzies Gold Project, page-12

well, april 30 has come and gone with no sign of the mt mackenzie deal being completed, and that means $1.5 million is not going to be available from that deal, leaving $1.488mill plus $0.6mill, a total of about $2mill. to get the vat leach started...sounds reasonable.

for those who say that it's a good thing to hold on to mt mackenzie anyway, (maybe rez could do a bml ventures type deal, high grade it, and toll treat), i suspect that's not possible...if they could they would, after all in theory they could make more money in one campaign than from an outright sale...and still retain the asset. so why not...every failure to honor the sale contract should be a chance to cancel the deal, if they wrote the deal at $2,600 and the gold price is now $3,600 they could be giving it away.

or is mt mac a stranded asset at any gold price?