annual report, page-50

POS definately a factor that cannot be underestimated..

when it rallies, it draws attention to silver explorers, when it is falling speculators go elsewhere to make a buck..

I hope silver does hold support and is above US$35 when IVR release JORC..

Overall it has been a really testing time for long term holders..

IMHO the complexity of Paris and the various types of silver mineralisation have outweighed the sheer brilliance of some of the drill intersections to date..as far as the market i concerned..

patience is required.. i'm in long term on this and IMHO we are in at the ground floor..