Ann: FAU:PILBARA PORTFOLIO- FARM-IN AGREEMENT - TAMBINA GOLD PROJ, page-11

It was costing them $$ to keep it . I had a go on them and they call me back for a chat ...
Now the conglomerate mania is faded this was a non core asset for them (fees etc ) plus they had to give another 30m shares at some stage which is now fau’s responsibility …
S.A (South Africa ) …There is scoping study going on and that will help with the derision for the mining leases we are waiting ...
There is also new young geologist in ground in s.a watching closely the toll developments because something was not right there (new expenses and fees kept coming out of nowhere and that’s why we couldn’t see any profit lately) … hopefully this will fix it now that gold is @ 1300
Now about Mt Cecelia while we are waiting for the exportation license’s to be granted, there is some interest from other parties but in very early stages and names like sandfire were in pre talks ..
So overall while funds are tight , we have to go through like this for the next couple of months ... hope this it helps NavyGulf and others …