floor, page-31

Hey, pooh-bear

In reply to your post:

but their website says the 10million ozs are to 1200m depth.
YES THAT'S CORRECT

Why did they stop their existing access to the 10 million ozs? THEY HAVEN'T- WARRIOR IS THE FIRST OF FOUR MINES. THE NEXT THREE WILL BE UNDER THE CITY
why are they not still going for them? LACK OF FUNDS - SUNBURST IS A $35 MILLION EXERCISE -WARRIOR WAS $5 MILLION. Cheaper access, faster cash flow. Cash flow from Warrior (40,000 oz x min $200 profit per oz = $8 mill a year profits) will fund Sunburst if JV not completed.

why write off 3000m of access @ $3000 per metre? THEY HAVEN'T - CENTRAL DECLINE STILL DEWATERED, ACCESSIBLE. THEY STILL TAKE VISITORS DOWN IT. LATEST QUARTERLY INDICATED THEY ARE ASSESSING MOST COST EFFETIVE WAY OF USING THIS TO ACCESS SUNBURST.

AND BTW, Pierpont has retired. Yes he gave them a hard time, but when did Pierpont EVER write a positive column on ANY company. Pierpont was the name of the last English hangman, and the Fin Review's Pierpont was only happy when he was denigrating someone's efforts, by hanging them. He made no positive contribution to Australian mining ever. Just a cynical, negative old journo who never actually ran his own mining business, so he wouldn't have a clue. CTO has had the last laugh, by proving him wrong!