Ann: Mbila Bankable Feasibility Study Interim Up, page-29

re: Ann: Mbila Bankable Feasibility Study In... I actually think Ian has done a pretty good job from a technical perspective. He can't change the Badger study, nor can he change the geology mother nature has dealt us. Whilst disappointing news like this is unwelcome, he has done his job in identifying that there is an issue, and is working to see if this issue can be compensated for by exploitation of resources outside of the Badger study area.

The issues I have are around timeliness of providing information to shareholders, and the very average way information is presented. It would have also been better in hindsight to have raised capital at a higher share price, and not to have scoped the project largely on what the permits they had in place allowed, but to have started over as the resource outgrew the Badger study (but, in this regard, I can appreciate their motivation for doing the things the way they did).

Like I said in an earlier post, I came away today feeling fairly positive, knowing that he and his technical people are finding the issues that need to be found. Put another way, when the studies have been completed, I'd be VERY confident that what they say they can mine can actually be mined.