Ann: Twin Hills Operations and Production Update , page-35

re: Ann: Twin Hills Operations and Production... Without going back over it I certainly did not have the impression that they would have been ramping up to full production by the end of 2011. My expectation was the 30 June but if it is the end of 2012 then that is good by me too.

In fact the term "ramping up to full production" is just that, and no more. We will get excited when full production has been achieved for a 12 month period and the way silver is going the longer the better. Would be much better at $100 per ounce plus down the track for this ole black duck.

The short term outlook on emerging stocks like this one will always fail and thinking that a heap of outside engineers can do anything but get in the road of those experienced persons on site is dreaming in my humble view.

Looking forward to shouting you all a few beers one day at the nearest pub to Texas. And we could all put on a few slabs for the workers at Twin Hills too.