new ann- selling dirt to norton's, page-8

Yep, I agree ajosto. That email sums it up much more clearly than the ann and gives more idea of direction going forward.

If anyones interested, here's proactive investors rehash of the ann with a bit of extra analysis about our 'slight' per ounce valuation compared to peers.

http://www.proactiveinvestors.com.au/companies/news/30651/phoenix-gold-monetises-surface-stockpiles-through-sale-agreement-with-norton-gold-fields-30651.html

"Phoenix's EV/Resource valuation of around $10 per gold ounce appears slight compared to a peer average which could be considered around $50."