conversion or default, page-33

Thanks for that info. I know nothing about Union Hill but I was under the impression that when they got to untouched ground in the A1 mine that the grade could be very high....Fosterville grades or was this just an urban myth? Also if you were trucking and the grade is high doesn't that make up for the trucking costs ?

Obviously the company were expecting great things from Union Hill as they changed the name of the company from A1 to Centennial to cover all the mines but you are implying there was no evidence to expect great things from Union Hill in fact contrary evidence. 

So the extravagant spending($8m) in the March quarter and June quarter($8m) were not based on mining facts but just reckless spending hoping they might find gold but having no real plan and all the time ignoring the pending con. notes($2.5m) that were due mid June 2017.....quite unbelievable!