Ann: Quarterly Activities and Cashflow Report , page-3

At the AGM the general thought was that GHT would retain their interest in the geothermal leases, but try not to spend any money on them.

I had thought that persuing iron ore would be a good idea but GHT will probably look for precious metals overseas in a mining friendly country like Indonesia.

Overseas the cost of exploration and mining are lower than in Aust consequently there are many Aust companies O/S.

Be prepared for an exodus of "green" investors from GHT.