Ann: Quarterly Activities Report, page-8

Hi Guys,

Likewise for me; the glaring issue in the QR was the cash situation and burn rate.

One possible (tiny) glint of light is that I note in the TRY QR that their gold mine in Brazil, Andorinhas, is in the process of shutting down (depleted ore) and TRY are considering options on what to do with the plant and mining equipment.

Previously TRY have shifted second hand plant / equipment and established a mine (Argentina) so have the appetite and skills to do this. One possibility is shift the Andorinhas plant / equipment to Borborema, JV the project between CAS and TRY. For a much lower cost than building a new plant the JV can then mine the economic parts of the deposit ... if it stacks up that is.

Maybe TRY are just waiting for CAS to fall over to do just this but on their own. I'm speculating.

Cheers
John