Ann: Quarterly Activities Report, page-26

it is and its articulated in last annual report. Maybe they need to even clearer. I would say until they have a clear cost of rentails, and an update feasibility cash will be accumulated. Once costs are defined, a key part of moving to FID then i would expect them to work out a capital management plan . First step is the results of the final Tin extraction tests as this i imagine would form part of the cost /NPV picture depending on recoveries.

I would guess we are about 3 4 years away from rentails been up and running and i think banking another 60-70 m over next 3 -4 quarters before any capital allocation decisions are made makes perfect sense.

They have chosen a path of least risk and i am in supporter of that approach. If however cash grows to over 220 m and we still don't here anything , then i will join the chorus of complaints - until then cash accumulation for the stepped change in production i am firmly behind