oh dear, page-4

I'm not sure the further delay is any worse than we have already been hit with. We now have the mexican standoff which was probably inevitable when H hit us with their tax of US$10 per lb on production. We have 25% of a very large proven U source which is ready to go but is going to stay in the ground in the meantime and we have $45m in the bank and a chunk of a gold prospect that will be producing next year. I would like to think that commercial reality will bring about a solution before too long. When you look at the sums companies spend trying to find the stuff it would seem a bit cruel to have the opportunity sitting there but not to take advantage of it.