Ann: Quarterly Activities and Cashflow Report, page-15

The securing of funding for such projects is rarely a straightforward affair. The more so when you have the possibility of Chinese involvement, private equity and Australian govt debt funding.

There are a few issues to work through there. These take time, possibly needing a change of govt in Australia given PM Scotty the Failure’s moronic myopic Sinophobia and his never-ending brown-nosing of the Washington War Party.

i was a tad disappointed that phase IV and V drilling didn’t add a shed load to the resource base.

but the spike in the silver price this week was enough for me to average my modest holding down a tad to 47c/share, which with a considerable degree of patience should provide a handsome return of many bags in coming years.