Hello there...and in response to your question;I spoke to the...

Hello there...and in response to your question;

I spoke to the Company Secretary last week....everything seems to be looking good but instead of the study being completed by the end of June it looks like it will be put back 4 - 6 weeks due to the Wallbrook aquisition.

The chap I spoke to was certainly very positive and told me all about the recent sell down by the insto and the purchase of the insto shares by a variety of investors.

There is no way they could have got that many shares taken up AT MARKET price unless there was some good news on the way.

Essentially the outlook is still as it was before....essentially once the study is complete they will press the button and off we go.

Certainly I get the impression recently that all junior miners are being extra careful before going into production, and are trying to avoid the pitfuls of those who have failed over the past 12 months within a year of commencing production. SAR and NAV and two of my favorites in this regard...top management with real projects.

SAR should be producing by XMAS, NAV by this time next year.

DYOR