Ann: Pantoro Secures 100% Ownership of Nicolsons,BNR-PNR.AX, page-15

Absolutely Mole.

No disrespect to BNR's previous management but without PNR's involvement we would likely be still digging a few holes trying to build a resource. PNR management raised the cash, increased the resource with targeted drilling and got this into production in rapid time. Three ticks from 3 for me.

Fair enough the pie we got in the end is a lot smaller but at least its been cooked! With sensible acquisitions BNR should be way in front of where it would have been in 12 months even if we still owned the mine. There are a lot of Spec stocks on the ASX with market caps the same as ours that don't have anything like $5 million in cash and assets on their books!