Ann: Update on KIG Joint Venture, page-7

Predictable as frost on a Canberra morning. The spin is coming thick and fast now, a la the CTO master of spin, ML. I reckon they're definitely headed for the gurgler now. And how are they going to pay the remaining staff? Don't be surprised to see MM back. They have impossible deadlines, even if they ever get the $72 mill. For example, once the 600m of Central Decline rehab is done they have a kilometre of driving to do which at 7m per 24hr shift will take over three and a half months to do, all going well. Then you've got to put in level development for stoping. As I keep saying, I can't see any gold being produced for at least six months once, and if, they get the funds. My thoughts only, DYOR.