Ann: Quarterly Activities and Cashflow Report , page-19

No one gets Magna , no one knows Magna well other than board member Dr Lefory based on question asked from the floor on whether it was true that Dr Lefroy is connected to a company of Magna 's in a board or consulting capacity.

Dr Lefroy did not answer the question , he remained silent through out the whole AGM, only the chairman commented saying that he had already disclosed his interests or involvement with Magna .

Whilst the company's production levels are improving ,with the CEO stating that in the last two weeks of October the mine had produced 50k oz per week. This is positive , as you know it could mean that they will actually produce 200k in a month, hopefully November and December . He also stated that its capacity could be as high as 222k oz pm .

The CEO stated that the mine tenement has other potential prospects based on recent drilling results in the Gunderoo area which seem to demonstrate in additional to silver at the top , other minerals such as lead ,and zinc . This is viewed as another potential growth area for CCU .

Farm1 summarised it well 4$.