upside

So we haven't had good announcement for a long time, my guess is that sooner or later we will get one, there are a number of good scenarios to think about and stay positive:

-sale of smelter with a royalty arrangement (thereby providing future cash flow)
-JV farm in of Congo exploration (massive upside depending on the quality of the JV partner - e.g. Anvil)
-new concessions (imagine if they managed to secure Oz Iron Ore ground?)

AAF are in the hunt, so anything is possible. And AAF is no longer bleeding cash, in fact it looks to be actually making some money.

So we have a well connected company looking for concessions and JV partners, good assets and some future cash flow.

Plenty to stay positive.