haz,I don't think you are going to get much on this before we...

haz,

I don't think you are going to get much on this before we complete the t/o, merger, whatever you want to call it.

Even then, I don't think you will know all the mechanisms (in fact, I know we won't get all the details).

I recall one thing about changing transport movements and also when apollo comes on line and gets into free dig (10m or so down from memory) - that is going to be a really low cost mining source.

We are told that it has indeed turned around to a great extent already - and I don't have a problem believing that - we have some pretty good operators - but I think we will be able to do a great deal more with 100% ownership - and I think it is fairly obvious that they have to keep mum whilst cre is still a company in it's own right.

I don't think many people realise just how big cre will become with good management - some of the operations being spoken of are very large - I would expect a good probability that the laverton ops. will provide much more gold than existing fml tenements in the next couple of years - overrider is TI.

It sure will be an interesting couple of years.

have a great night

pinto