quarterly report is negative

Some facts to note about the SIH quarterly report which are negatives for the company:

1. SIH still doesnt have access granted by Indonesian Govt for exploration drilling on western porphyry area. Until that access is granted SIH can't get true value for blue sky potential.

2. Directors collectively took out $225,500 in fees for the quarter a BIG increase on the $88,900 fees previous quarter. Watch THIS SPACE now, SIH has got cash which is a magnet for directors!

3. The high grade intersections summarized in SIH report are WITHIN the existing Inferred Resource, thus it may increase confidence of that resource but it is NOT ADDITIONAL TO that resource!

4. Of the new exploration areas where SIH is seeking to increase ounces the intersections are very ordinary, with only one reasonable grade (2.9 g/t) being reported shallow, the others ARE VERY DEEP and only marginally economic or marginal at best: 11m @ 1.7 g/t Au from 132m and 23m at 3.0g/t Au from 83m

IMO there is nothing in the quarterly to inspire anyone to invest in the company at present. Its more than fully priced!