trading halt re apurimac iron ore project, page-13

Sorry, you're right. I am getting a touch confused.

However, I do note that on the 25/11/09 ann. they stated the beginning of a US$12m E & D program on Apurimac, including 29,000m of drilling & pre-feas, studies on pipeline and railway operations, but the black dog in me worries about the environmental & community approvals being sought before this happens. Another dispute? The AF Board approval is necessary.

Anyway, with near on $50m in cash and a miniscule EV we should be reasonbably safe, but no doubt, this has been disappointing in the last 6 months.