what happened in the end?, page-10

re: ready to move The nickel play announced yesterday is designed to provide early cash flow for the company. The lateritic nickel will be processed in the Phillipines and the whole operation is low cost.

This company's progress has been hampered by poor progress on their Phillipines gold project which is very close to the Red5 project. Drilling has been hopelessly slow due to all sorts of problems and contractor incompetence. It's to be hoped that a new drilling season will produce good gold results from what is, after all, highly prospective ground....