Ann: Quarterly Activities Report, page-6

"As for Borborma, with POG under $1100, its just going to sit there. DAMN. I really think they could have sold it or farmed down whilst the POG was around $1200 "

Who would have touched it?
Personally, I dont think Borborema ever stacked up. Just my opinion. Hence it never really going ahead.
Obviously, Juruena was going to "save" us, but in my opinion, Querosene is very ordinary.
A " JORC compliant mineral resource " ?? I could have one done for my back yard....as you could....doesnt mean it will ever get up & running.

re "Totally agree about the upcoming resource statement, but not their fault really, they can only work with the results they get."

True, but then why Querosene? The others seem to have better grades, dont they?

What happened to the IMF? Obviously our projects are not up to scratch and they dont like them. Cant think of any other reason.
The POG, in US$terms, is tipped to go down. So no great relief there.
Maybe we should just open a fast food chain, and ditch mining....
"Brazil Fried Chicken"......could you see that going wrong?

GZ