thoughts, page-5

Hi Goarmy;

I have spoken about similar issues/thoughts with the company a few times from all percpectives.

In short is of no benefit to anybody to delay the process of either farm-in or production.

ANZ has the most to loose. VA for ARX would be a disaster for them (ANZ)and anybody looking at taking on the project.

The company was ill advised at the start about proceeding from explorer to producer and the decline. The decline collapse is the reason ARX is where it is. Read any reports prior to then and ARX was very profitable and favourable.

At that time the decision not to JORC the entire area at once was sound, if the mine decline did not collapse then ARX would today be a producer and would have further JORC'd the site and be well on its way through Trengallek etc.

However the decline is now up and running and the company has stockpilled ore on the ROM pad.

Give them a call Goarmy, they dont BS/ramp and will tell you what you want to know and the history etc.

All the best.