Ann: Quarterly Activities Report, page-26

concur that a few would be looking at both MCR and PAN .....

the company has categorically stated that they would leave developed ore "in the mine" to fund an eventual re-start......chk last 3 preso's)

C&M - should be around 3-4m per annum (POS has stated 350k/month - thou they have some water management issues)

I rekon they could easily last 3+ yrs on C&M .......

one of the primary determinants of "value" is return on capital .......blowing up your share capital aint a way to achieve this (imho) ......I am pretty sure that current management have the "same view" ....

when they developed redross (chk) they actually took on a modest amount of debt (and small hedging at that time) .......possible for init develop of durkin ..

rgds
V_H