looking to fall, page-11

re: for b2 -philippines-smc Very notable TT that LAF are languishing at the moment with no word on their financing.

Also a detailed article in the Aust Financial Review in the last few days on the very subject re Phillipines poor environment for developing mines and how it hasnt improved. And it didnt paint a pretty picture.

The stockmarkets improved rating of gold explorers in the Phillipines doesnt match the realities of going from resource to mine. The very reasons why the likes of WMC walked away from some very promising projects.

acturtle