Ann: Termination of PHES Project Agreement with AGL, page-4

Well that put a smile on my face.

An unusual case of one door closing and two doors opening.

Its excellent news to hear the road block to mining under the pit has been removed and mining is now our first priority.

Can't wait to see how much of the good stuff is in Peter Rolley's "Grand Prix" lode.

I hope management has learned by bitter experience that HGO don't have the skills to budget for and manage the mining component of the project.

In my opinion the price one pays for offloading the risks associated with, the mining design, budgeting and execution pave the way to a certain and efficient outcome if done in association with an experienced and well respected mining contractor on the basis of a cost plus guaranteed maximum price contract,

When we are a few years away from making the most of Le Grand Prix the PHES scheme will still be there to sell.



Lunch at the marble bar might be on this time next year.