12.5 cents!, page-4

From the quarterly:

"During the last quarter, the Company has made significant progress towards the development of the Tala Hamza project. As previously announced, Terramin and China Non-Ferrous Metal Industry’s Foreign Engineering and Construction Company (NFC) have been working on preparing a revised feasibility study on the basis of a mining method agreed with ENOF. In September 2014, NFC completed this revised study which, following a review by Terramin, was translated in French. These complementary studies were then presented to the joint venture Algerian Partners for their review.

Following the completion of their review the partners have agreed to meet in the coming weeks to discuss the outcomes of the revised study, and the way forward.

The board expects that these meetings will address the technical aspects of the revised study as well as the economic assumptions built in the study in particular the tax and custom duties regime, land acquisition costs and other development costs. The positive reforms to the Mining Act introduced at the beginning of 2014 are expected to have a material positive effect on the economics of the project.

Based on earlier discussions with ENOF and the Algerian ministry of mines indicating their strong willingness to start developing the project in 2015, the Board believes that the development of the project could be timely with the on-going improvement of the zinc market."

So the news awaited would be the outcome of these "meetings". Let's hope it's good!