Yes Miningnut it sure is frustrating but I think we are coming...

Yes Miningnut it sure is frustrating but I think we are coming to the pointy end soon when all will be revealed. Freida is holding the the share price back no doubt about it, I reckon without it,it would be worth 16/20 cents, but it is not worth zero. Even if no bids are received the worst we can do is take up the 3% net smelter royalty which would be about $A40mil pa, have to tighten our belts for 5 years or so, we could probably sell the rights to that sometime in the future, after mining lease issued, equity and debt arranged and all that sort of stuff.