The future

Lowering my expectations on account of the bias I have towards this project, I make the following observations:

- The gold we have is free-gold -no leaching with cyanide required for 90% of the gold ...although management have flagged introducing cyanide processing to grab the remainder. Now they have some cash to work with ...might as well sort it out now (wouldn't surprise me).

- I'm guessing from the tenor of the reports that there was both an issue with the processing of material and also the grade of material from the northern zones.

- The reports also make it clear that these issues are not deal-breakers and should be resolved easily.

- Assay lab being sorted as well of a myriad of other improvements now we have some coin to work with.

- JV provides expertise (as mentioned by others) ...and a $14Mil is a vote of confidence with potential upside.

There is much potential news ...including restarting operations that should provide an upward jolt to the SP.

I won't be selling any soon.

All the best,

SJB