Ann: Quarterly Activities and Cashflow Report , page-4

Hi Drewe

Like I said before, maybe we should be looking at the production for what it really is, "the processing of the ore from access shafts" - not "targeted stope ore".
Then any production is more of a bonus than anything else.

I think I am a bit more worried about the cash flow than HEG is. Still, you have to admire their confidence - choosing to plot out the resource rather than going for the quick buck by mining the deposits they already know of.

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Regarding HEGOB, I am starting to think that they are history and I should have read the writing on the wall when HEG took on the Sino deal at 17c instead if waiting for the 25c just 3 months later.