I've been keeping an eye on these fools for years - even traded...

I've been keeping an eye on these fools for years - even traded their shares for a while. In my opinion these (and many other ASX phantoms just like them) are only good for day to day speculation on the basis of the regular fictions they put out as Media Releases. It used to annoy me (that so many ASX companies are liars, cheats, and thieves) until I realised that this was the nature of "Penny Dreadfuls" and to just go with trading the hype. I did ok for a while after that, then came the gradual decline from 2008 and again in 2011 and now I'm gearing up again to start trading from about mid-Feb next year; when I think things will begin to get interesting again The bottom line is that companies like this one have no intention - and never did - of ever actually getting their hands dirty with actual mining - heaven forbid! It's paper mining all the way. Nothing more.