Ann: Trading Halt, page-52

Hello. Only $1,371,000 on exploration alone? That is a big spend to me. I recall they did that i think 106 drill hole program that resulted in the 4 hyped "titanium" (with a purported 5% to 11% iron) drill holes. I guess that might be viewed by some as mostly a waste of money. The report shows like $51K spend on staff; which might possibly account for the questionable returns on exploration expenditure. You get what you pay for. You guess they need need $4m to drill titanium & iron (probably ilmenite) like a swiss cheese. There appears no such thing as a "titanium" deposit. The more the term "titanium" is repeated, at least for me, the less credibility.