Ann: Quarterly Activities Report , page-4

For June, 29kt of product came from 75kt of ore. I guess it means 2/3rds is useless dirt. I hope the ratio improves, otherwise the costs are higher than I would have hoped. Add to that the high phosporus levels, and Legume was right about this being a dud.

A JORC will do squat for holders as it'll release performance shares, further diluting us. All it means is that this dud will then operate for 100 years, instead of 50.

I hope I'm wrong and things improve. We want know for another 3 months though.