I would not write this off. management have been to Aust...

I would not write this off. management have been to Aust recently to finalise drilling etc. i understand also several jv partners keen on this.

It could well be a vg little turn and with gold holding at $1500 it may well translate into a nice cashflow. Costs will be the key but youd expect that even with upfront capital costs you are looking at a very nice return.It may also be a case of a sale etc once further drilling done.

Lrl is a low cap and any money from this asset, and it will be in the tens of millions,is material...very. And we do know that there is gold there!!!!!

When Kissinger went to China prior to the first visit by Nixon, Mao said to him that the Chinese are patient people and can wait a 1000 years if necessary.....so perhaps we should put LRLs delay in context....next 1/4 either way would be good though.