i beg to differ guys, i thought the annual report on balance was...

i beg to differ guys, i thought the annual report on balance was quite good and will be getting back in on any further weakness.

negatives:
1. santa barbara is operating at about 30,000 tonnes per month - or about 360k tonnes per year - this is s hit and is unacceptable after so many delays.

positives
1. jorc resources for three mines adjacent to Japonesa.
2. pilot plant delayed, but they have given a FIRM date of 19 Dec 2007 for beginning of operations and first production on 16 April 2008. this is the first time i have seen ady give an actual date which indicates they are very confident of meeting it.
3. EIS approval before the end of the year
4. hopefully project finance for rincon soon - expect big re-rating.
5. finalising io sales contracts - which i think would require funding confirmation for the new port.

it's beginning to come together