Ann: Quarterly Activities Report, page-3

Morning all.

Good quarterly report.
best bits for me are that testing is with 2 BSM’s and they’ve started work on the beneficiation process. No cash costs till end of this q, which is disappointing, no drilling results either from a decent amount drilled so far. No hyping from these guys.
they’ve put out drill results before. Not sure, why not this time. They say they will come out with the reserve statement. So it will be a while, as they will need to complete all drilling, get all results, then interpret them into the reserve statement.
but they will be coming out with a LOM plan, including production guidance. But that will be a while.

so nothing too exciting, other than the BSM’s. Let’s hope deals there won’t be too far away.

3% fall in IO overnight. So with nothing exceptional in report, expect a muted market response at best.

you out there Pihrana? I’d appreciate your take and input please.

cheers,

ned.