Ann: Trading Halt, page-8

There’s cosmo which is in care and maintenance so not really anything else, PNX have talked about having central milling aspirations and picking up surrounding resources but it’s been slow going.

From memory the original PNX pre feasibility study had a build cost of around 50 million, obviously more expensive now but also gold price was around $1800 and dollar conversion less.

They have increased the resource from 275000 ounces to 520000 ounces of gold since then silver and zinc still the same.

I feel like shareholders of both companies are at the mercy of our incestuous management, I know pnx holders are not to happy and are just hoping it works out.

Perhaps they will surprise everyone and end up with one decent company, if so the SP could run and everyone will be happy.