more bad news, page-12

re: re:tubs more bad news-tele Hi Lust,

The only worry I have about LAF is the political enviroment they are working in.
So far the government has been very supportive and lets hope this will stay that way.
If this happens and LAF can keep mining on Rapu Rapu then I am not too worried about the current teething problems except for the fact that it all cost money that we had not budgeted for.
With the current high prices for all the metals that LAF is going to produce they can well re-coup the latest setback in time.
But we do have to get the metal plant as well as the gold production back in order asap.
A Capital raising and hopefully not in the form of more script should see them thru.

In the meantime the gold,copper, silver and zink will stay in the ground and the exploration prospects will also still be there once mining re-commences.......

As the shareholders of PNA know, starting a new mine is full of risks and setbacks, and a wet season does not help to run operations smoothly.

jojo