on the spot at the agm, page-10

Thx for the GM update SW. Great work and all very interesting.

I also noted the 1:1 strip ratio mentioned in AV's presentation today. Very important to keep extraction costs (time and diesel) down and 1:1 certainly helps.

Was there any mention of the following -

1. Plans for the cash? Any word on new ventures or investments being considered?
2. Or did you leave the meeting thinking they are going to spend the cash on Bungaroo?
3. Any mention of further tenement applications or aquisitions?

I've got to say i'm still not convinced m'ment's no 1 choice would be to truck & barge. AV might be pushing that publicly, but my gut tells me the're priority is to jv Bungaroo with someone. Putting up the truck & barge as a viable, costed option is smart as it simply attracts more prospective jv participants, particularly the locals.

Cheers,
Mac



Please dyor.